Grocery Outlet Holding Corp (GO)
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 | 3,173,820 | 3,138,520 | 3,080,680 | 2,974,530 | 3,341,310 | 2,929,460 | 2,823,090 | 2,769,680 | 2,772,400 | 2,751,030 | 2,693,400 | 2,707,050 | 2,669,810 | 2,617,670 | 2,565,750 | 2,498,740 | 2,485,620 | 2,394,270 | 2,324,290 | 2,319,100 |
| Total stockholders’ equity | US$ in thousands | 1,197,380 | 1,226,050 | 1,220,840 | 1,224,570 | 1,219,340 | 1,203,090 | 1,164,810 | 1,127,540 | 1,110,210 | 1,085,310 | 1,056,690 | 1,024,070 | 1,009,270 | 994,031 | 973,883 | 948,086 | 922,307 | 888,826 | 833,401 | 784,628 |
| Financial leverage ratio | 2.65 | 2.56 | 2.52 | 2.43 | 2.74 | 2.43 | 2.42 | 2.46 | 2.50 | 2.53 | 2.55 | 2.64 | 2.65 | 2.63 | 2.63 | 2.64 | 2.70 | 2.69 | 2.79 | 2.96 |
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 fluctuating trend over the reporting periods provided. The ratio started at 2.96 on March 31, 2020, and gradually decreased to a low of 2.42 on June 30, 2023, indicating a reduction in the company's reliance on debt to finance its operations during this period.
However, the ratio experienced a slight increase to 2.74 by December 31, 2023, before declining again to 2.43 on March 31, 2024. The ratio then increased steadily to 2.65 by December 31, 2024. Overall, the company's financial leverage ratio has shown some volatility but has generally remained within the range of 2.42 to 2.96 during the period under review. This suggests that Grocery Outlet Holding Corp maintains a moderate level of debt relative to its equity, balancing the benefits and risks associated with leveraging.
Peer comparison
Dec 31, 2024