H B Fuller Company (FUL)
Financial leverage ratio
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,933,240 | 4,978,240 | 4,919,110 | 4,681,970 | 4,723,580 | 4,659,910 | 4,618,050 | 4,535,740 | 4,463,630 | 4,571,640 | 4,620,480 | 4,641,440 | 4,274,530 | 4,258,270 | 4,266,930 | 4,113,750 | 4,036,700 | 3,981,720 | 3,979,060 | 4,025,270 |
| Total stockholders’ equity | US$ in thousands | 1,828,660 | 1,840,990 | 1,791,390 | 1,767,520 | 1,755,200 | 1,726,440 | 1,682,490 | 1,633,470 | 1,610,170 | 1,578,090 | 1,614,150 | 1,645,250 | 1,596,770 | 1,567,290 | 1,562,630 | 1,441,620 | 1,381,320 | 1,313,390 | 1,218,370 | 1,221,600 |
| Financial leverage ratio | 2.70 | 2.70 | 2.75 | 2.65 | 2.69 | 2.70 | 2.74 | 2.78 | 2.77 | 2.90 | 2.86 | 2.82 | 2.68 | 2.72 | 2.73 | 2.85 | 2.92 | 3.03 | 3.27 | 3.30 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,933,240K ÷ $1,828,660K
= 2.70
The financial leverage ratio of H B Fuller Company has shown a declining trend over the period from February 29, 2020, to November 30, 2024, indicating an improvement in the company's financial structure and stability.
The ratio started at 3.30 in February 2020 and gradually decreased to 2.70 by November 2024. This suggests that the company has been reducing its reliance on debt financing in relation to equity, which can be viewed positively as lower leverage implies lower financial risk and potentially better financial health.
The downward trend in the financial leverage ratio indicates that the company has been effectively managing its debt levels and optimizing its capital structure. A lower ratio typically signals that the company has a lower debt burden relative to its equity, which may lead to enhanced financial flexibility and improved ability to weather economic downturns.
Overall, the decreasing trend in the financial leverage ratio of H B Fuller Company reflects a prudent approach to capital structure management and suggests a strengthening financial position over the analyzed period.
Peer comparison
Nov 30, 2024