Graco Inc (GGG)
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 | 3,139,210 | 2,975,640 | 2,879,900 | 2,786,820 | 2,722,010 | 2,674,920 | 2,707,720 | 2,546,260 | 2,438,900 | 2,438,200 | 2,404,280 | 2,319,440 | 2,443,200 | 2,377,330 | 2,229,200 | 2,087,720 | 1,988,130 | 1,994,000 | 1,962,460 | 1,947,340 |
| Total stockholders’ equity | US$ in thousands | 2,584,140 | 2,513,290 | 2,418,480 | 2,335,650 | 2,224,220 | 2,188,530 | 2,116,310 | 1,986,340 | 1,859,650 | 1,788,310 | 1,757,270 | 1,690,260 | 1,709,340 | 1,564,350 | 1,481,260 | 1,382,500 | 1,283,900 | 1,165,940 | 1,026,970 | 1,018,660 |
| Financial leverage ratio | 1.21 | 1.18 | 1.19 | 1.19 | 1.22 | 1.22 | 1.28 | 1.28 | 1.31 | 1.36 | 1.37 | 1.37 | 1.43 | 1.52 | 1.50 | 1.51 | 1.55 | 1.71 | 1.91 | 1.91 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,139,210K ÷ $2,584,140K
= 1.21
Graco Inc's financial leverage ratio has exhibited a gradual decline over the years, indicating an improving financial position in terms of debt relative to equity. The ratio decreased from 1.91 in March 2020 to 1.18 by September 2024. This suggests that the company has been reducing its reliance on debt to finance its operations and investments, leading to a more conservative capital structure. A decreasing trend in the financial leverage ratio generally indicates a lower risk of financial distress and greater financial stability for the company. Overall, the decreasing trend in Graco Inc's financial leverage ratio reflects a positive development in its financial health and risk profile.
Peer comparison
Dec 31, 2024