Chart Industries Inc (GTLS)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,102,400 | 9,020,200 | 9,407,500 | 9,248,800 | 5,901,900 | 3,069,200 | 3,167,600 | 3,085,900 | 3,043,800 | 2,981,800 | 2,830,000 | 2,652,300 | 2,570,500 | 2,452,900 | 2,452,600 | 2,423,000 | 2,481,400 | 2,497,800 | 1,983,900 | 1,913,300 |
| Total stockholders’ equity | US$ in thousands | 2,786,500 | 2,625,900 | 2,674,200 | 2,670,700 | 2,675,500 | 1,617,400 | 1,605,400 | 1,620,700 | 1,616,600 | 1,582,400 | 1,576,400 | 1,559,000 | 1,572,700 | 1,286,200 | 1,240,700 | 1,210,100 | 1,227,600 | 1,198,500 | 1,193,900 | 888,800 |
| Financial leverage ratio | 3.27 | 3.44 | 3.52 | 3.46 | 2.21 | 1.90 | 1.97 | 1.90 | 1.88 | 1.88 | 1.80 | 1.70 | 1.63 | 1.91 | 1.98 | 2.00 | 2.02 | 2.08 | 1.66 | 2.15 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,102,400K ÷ $2,786,500K
= 3.27
The financial leverage ratio of Chart Industries Inc has shown fluctuation in recent quarters. In Q4 2023, the ratio was 3.27, indicating an increase from the previous quarter's ratio of 3.44 in Q3 2023. This suggests that the company's reliance on debt to finance its operations decreased slightly during this period.
Comparing to the same quarter in the previous year, Q4 2022 had a much lower financial leverage ratio of 2.21, indicating a significant increase in leverage over the past year. This increase in leverage could be a result of the company taking on more debt to fund growth or operations.
Overall, the trend in Chart Industries Inc's financial leverage ratio shows variability over the past few quarters, indicating fluctuations in the company's debt levels and financial risk. It would be important to further analyze the reasons behind these changes and their potential impact on the company's financial stability and performance.