Globus Medical (GMED)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,251,750 | 5,086,080 | 2,076,130 | 1,957,260 | 1,679,480 |
| Total stockholders’ equity | US$ in thousands | 4,177,330 | 3,997,960 | 1,846,370 | 1,741,390 | 1,506,300 |
| Financial leverage ratio | 1.26 | 1.27 | 1.12 | 1.12 | 1.11 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,251,750K ÷ $4,177,330K
= 1.26
The financial leverage ratio of Globus Medical has been relatively stable over the past few years, with a slight increase from 1.11 in December 31, 2020, to 1.12 in December 31, 2021 and 2022. However, there was a more significant jump to 1.27 in December 31, 2023, suggesting an increase in the company's reliance on debt to finance its operations. This ratio then decreased slightly to 1.26 by December 31, 2024. Overall, the trend indicates a moderate level of financial leverage, which may require careful monitoring to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2024