Fluor Corporation (FLR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,143,000 | 6,973,000 | 6,827,000 | 7,279,560 | 7,309,810 |
| Total stockholders’ equity | US$ in thousands | 3,949,000 | 1,940,000 | 1,786,000 | 1,392,450 | 1,030,250 |
| Financial leverage ratio | 2.32 | 3.59 | 3.82 | 5.23 | 7.10 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,143,000K ÷ $3,949,000K
= 2.32
The financial leverage ratio of Fluor Corporation has shown a decreasing trend over the past five years. Starting at 7.10 in 2020, the ratio has steadily decreased to 5.23 in 2021, further declining to 3.82 in 2022, and dropping to 3.59 in 2023. By the end of 2024, the ratio reached its lowest point at 2.32. This trend indicates a reduction in the company's reliance on debt financing relative to equity, which may suggest improved financial stability and risk management.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
Fluor Corporation
FLR
2.32
Granite Construction Incorporated
GVA
2.98
Jacobs Solutions Inc.
J
2.58
KBR Inc
KBR
4.59
Sterling Construction Company Inc
STRL
2.50