Comfort Systems USA Inc (FIX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,711,090 | 3,305,580 | 2,597,480 | 2,209,110 | 1,757,360 |
| Total stockholders’ equity | US$ in thousands | 1,704,680 | 1,277,830 | 999,923 | 805,666 | 696,429 |
| Financial leverage ratio | 2.76 | 2.59 | 2.60 | 2.74 | 2.52 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,711,090K ÷ $1,704,680K
= 2.76
The financial leverage ratio of Comfort Systems USA Inc has shown some fluctuations over the past five years. It stood at 2.52 as of December 31, 2020, and increased to 2.74 by the end of 2021. Subsequently, there was a slight decrease to 2.60 in 2022, followed by a marginal decline to 2.59 in 2023. Notably, the ratio rose to 2.76 as of December 31, 2024. These figures indicate that the company's reliance on debt to finance its operations has varied, with an overall upward trend in recent years, suggesting a moderate level of financial leverage. Investors and stakeholders may monitor this metric to assess the company's financial risk and capital structure management.
Peer comparison
Dec 31, 2024