Fox Factory Holding Corp (FOXF)
Financial leverage ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,242,300 | 1,674,360 | 1,793,760 | 1,824,430 | 1,618,340 | 1,677,860 | 1,718,220 | 1,664,020 | 1,515,730 | 1,513,530 | 1,453,990 | 1,357,100 | 1,286,560 | 1,260,530 | 1,185,200 | 1,068,700 | 609,316 | 600,569 | 579,773 | 542,312 |
| Total stockholders’ equity | US$ in thousands | 1,221,760 | 1,241,300 | 1,205,800 | 1,164,250 | 1,121,390 | 1,055,130 | 1,001,930 | 949,084 | 894,082 | 850,040 | 804,369 | 762,291 | 719,171 | 683,927 | 633,064 | 429,706 | 422,200 | 396,620 | 369,180 | 339,421 |
| Financial leverage ratio | 1.84 | 1.35 | 1.49 | 1.57 | 1.44 | 1.59 | 1.71 | 1.75 | 1.70 | 1.78 | 1.81 | 1.78 | 1.79 | 1.84 | 1.87 | 2.49 | 1.44 | 1.51 | 1.57 | 1.60 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,242,300K ÷ $1,221,760K
= 1.84
The financial leverage ratio of Fox Factory Holding Corp has shown fluctuation over the past few quarters. The ratio indicates the extent to which the company relies on debt financing to support its assets. A higher financial leverage ratio suggests a higher level of debt relative to equity, which can increase financial risk but also potentially amplify returns.
Looking at the trend, the financial leverage ratio has generally been above 1.5, indicating that the company has been relying more on debt to finance its operations and investments. The ratio peaked at 2.49 in March 2020, which could indicate a significant increase in debt relative to equity during that period.
It is important for investors and stakeholders to closely monitor the financial leverage ratio of Fox Factory Holding Corp to assess the company's risk exposure and financial stability, as high levels of leverage can increase vulnerability to economic downturns or interest rate changes. Further analysis of the company's debt structure and overall financial health would provide a more comprehensive understanding of its leverage position.
Peer comparison
Dec 31, 2023