H B Fuller Company (FUL)
Financial leverage ratio
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,933,240 | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 |
| Total stockholders’ equity | US$ in thousands | 1,828,660 | 1,755,200 | 1,610,170 | 1,596,770 | 1,381,320 |
| Financial leverage ratio | 2.70 | 2.69 | 2.77 | 2.68 | 2.92 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,933,240K ÷ $1,828,660K
= 2.70
The financial leverage ratio for H B Fuller Company has shown a fluctuating trend over the past five years. Starting at 2.92 on November 28, 2020, the ratio decreased to 2.68 by November 27, 2021, indicating a reduction in the company's reliance on debt to finance its operations. However, the ratio increased slightly to 2.77 on December 3, 2022, before declining again to 2.69 on December 2, 2023, and subsequently to 2.70 on November 30, 2024. This demonstrates that the company has maintained a moderate level of financial leverage, balancing its use of debt to enhance returns while managing the associated risks. Overall, the fluctuating trend in the financial leverage ratio suggests that H B Fuller Company has been actively managing its capital structure to maintain a healthy balance between debt and equity financing.
Peer comparison
Nov 30, 2024