Frontdoor Inc (FTDR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,107,000 | 1,089,000 | 1,082,000 | 1,069,000 | 1,405,000 |
| Total stockholders’ equity | US$ in thousands | 239,000 | 137,000 | 61,000 | 3,000 | -61,000 |
| Financial leverage ratio | 8.82 | 7.95 | 17.74 | 356.33 | — |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,107,000K ÷ $239,000K
= 8.82
Frontdoor Inc's financial leverage ratio has shown significant fluctuations over the years. The ratio was not available for the year-ended December 31, 2020. Subsequently, there was a substantial increase in the ratio to 356.33 as of December 31, 2021, indicating a high level of financial leverage.
However, in the following years, the financial leverage ratio decreased significantly, standing at 17.74 as of December 31, 2022, and further declining to 7.95 as of December 31, 2023. This downward trend suggests that Frontdoor Inc has been reducing its reliance on debt in its capital structure.
By the end of December 31, 2024, the financial leverage ratio slightly rose to 8.82, which may indicate a moderate increase in leverage compared to the previous year. Overall, Frontdoor Inc has experienced notable variations in its financial leverage ratio, showcasing changes in its capital structure and debt levels.
Peer comparison
Dec 31, 2024