Gentex Corporation (GNTX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,760,820 | 2,611,440 | 2,327,230 | 2,131,390 | 2,197,940 |
| Total stockholders’ equity | US$ in thousands | 2,467,950 | 2,312,520 | 2,065,790 | 1,937,990 | 1,963,940 |
| Financial leverage ratio | 1.12 | 1.13 | 1.13 | 1.10 | 1.12 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,760,820K ÷ $2,467,950K
= 1.12
The financial leverage ratio of Gentex Corporation has shown relatively stable performance over the past five years. The ratio has fluctuated within a narrow range, ranging from 1.10 to 1.13. This indicates that the company's level of debt relative to equity has remained relatively consistent during this period. A financial leverage ratio of around 1 suggests that Gentex Corporation is using a balanced mix of debt and equity to finance its operations. Monitoring this ratio over time can provide insights into the company's capital structure and risk profile.
Peer comparison
Dec 31, 2024