Fox Factory Holding Corp (FOXF)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,232,310 | 2,288,260 | 2,265,620 | 2,248,280 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,201,180 | 1,197,060 | 1,196,380 | 1,192,490 | 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 |
| Financial leverage ratio | 1.86 | 1.91 | 1.89 | 1.89 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,232,310K ÷ $1,201,180K
= 1.86
The financial leverage ratio of Fox Factory Holding Corp has shown a fluctuating trend over the analyzed period, starting at 2.49 as of March 31, 2020, and gradually decreasing to 1.44 by December 31, 2022. This indicates a reduction in the company's reliance on debt financing to support its operations.
However, from March 31, 2023, the financial leverage ratio increased to 1.57, before declining to 1.35 by September 30, 2023. This suggests that the company might have taken on more debt during this period.
The ratio then increased again to 1.89 as of June 30, 2024, and remained relatively stable around this level for the subsequent quarters. Overall, the financial leverage ratio trend indicates a mix of fluctuations in the company's debt levels and capital structure, which may have implications for its risk profile and financial stability.
Peer comparison
Dec 31, 2024