H B Fuller Company (FUL)
Financial leverage ratio
| 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 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 3,985,730 | 4,032,680 | 4,149,860 |
| Total stockholders’ equity | US$ in thousands | 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 | 1,222,350 | 1,175,600 | 1,162,580 |
| Financial leverage ratio | 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 | 3.26 | 3.43 | 3.57 |
March 2, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,681,970K ÷ $1,767,520K
= 2.65
The financial leverage ratio of H B Fuller Company has shown a fluctuating trend over the past several quarters. The ratio ranged from a low of 2.65 to a high of 3.57 during the period analyzed.
The company's leverage ratio peaked at 3.57 in the third quarter of 2019 and decreased gradually until the second quarter of 2020, reaching a low of 2.92. Subsequently, the ratio started to increase again, reaching a peak of 3.27 in the first quarter of 2020. It then fluctuated around the 3.00 level for several quarters before decreasing to 2.65 in the most recent period.
Overall, the financial leverage ratio indicates the extent to which H B Fuller Company relies on debt to fund its operations and growth. A higher ratio suggests higher financial risk due to increased debt levels, while a lower ratio could indicate a more conservative capital structure. It is important for investors and analysts to monitor changes in this ratio over time to assess the company's financial health and risk profile.