Generac Holdings Inc (GNRC)
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 | 5,109,330 | 5,186,940 | 5,118,570 | 5,129,520 | 5,093,310 | 5,166,340 | 5,321,970 | 5,211,130 | 5,169,460 | 5,246,290 | 5,472,950 | 5,151,530 | 4,877,780 | 4,100,430 | 3,706,930 | 3,422,140 | 3,235,420 | 2,974,080 | 2,767,620 | 2,654,080 |
| Total stockholders’ equity | US$ in thousands | 2,494,280 | 2,409,440 | 2,369,710 | 2,367,400 | 2,340,250 | 2,363,910 | 2,419,280 | 2,339,160 | 2,257,380 | 2,318,530 | 2,418,880 | 2,308,130 | 2,213,770 | 1,782,070 | 1,655,900 | 1,524,730 | 1,390,290 | 1,230,190 | 1,097,730 | 1,023,640 |
| Financial leverage ratio | 2.05 | 2.15 | 2.16 | 2.17 | 2.18 | 2.19 | 2.20 | 2.23 | 2.29 | 2.26 | 2.26 | 2.23 | 2.20 | 2.30 | 2.24 | 2.24 | 2.33 | 2.42 | 2.52 | 2.59 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,109,330K ÷ $2,494,280K
= 2.05
Generac Holdings Inc's financial leverage ratio has been relatively stable over the past few years, ranging between 2.05 and 2.59. The ratio peaked at 2.59 as of March 31, 2020, and has gradually declined to 2.05 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over the period, which may imply improved financial stability and lower financial risk. Consistently maintaining a financial leverage ratio within this range suggests that Generac Holdings Inc has been managing its capital structure effectively, balancing debt levels with equity to support its growth and operations.
Peer comparison
Dec 31, 2024