Grocery Outlet Holding Corp (GO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,173,820 | 2,969,590 | 2,772,400 | 2,669,810 | 2,485,620 |
| Total stockholders’ equity | US$ in thousands | 1,197,380 | 1,219,340 | 1,110,210 | 1,009,270 | 922,307 |
| Financial leverage ratio | 2.65 | 2.44 | 2.50 | 2.65 | 2.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,173,820K ÷ $1,197,380K
= 2.65
The financial leverage ratio of Grocery Outlet Holding Corp has shown a slight decrease from 2.70 in December 31, 2020, to 2.65 in December 31, 2021, and then further declined to 2.50 in December 31, 2022. The ratio continued to decrease to 2.44 in December 31, 2023, signaling a more conservative approach to financing the company's operations. However, there was a slight increase back to 2.65 in December 31, 2024. Overall, the trend indicates that the company has been reducing its reliance on debt financing over the years, which may imply improved financial stability and lower risk.
Peer comparison
Dec 31, 2024