Henry Schein Inc (HSIC)
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 | 10,573,000 | 9,810,000 | 9,146,000 | 8,572,000 | 8,607,000 | 8,534,000 | 8,324,000 | 8,447,000 | 8,481,000 | 8,420,750 | 8,124,070 | 7,779,920 | 7,773,000 | 7,809,900 | 7,318,120 | 7,519,200 | 7,151,100 | 7,097,080 | 7,112,340 | 7,144,860 |
| Total stockholders’ equity | US$ in thousands | 3,655,000 | 3,651,000 | 3,560,000 | 3,472,000 | 3,446,000 | 3,611,000 | 3,594,000 | 3,592,000 | 3,425,000 | 3,457,990 | 3,360,270 | 3,358,170 | 3,348,170 | 3,155,270 | 2,991,090 | 2,974,580 | 2,998,040 | 2,829,530 | 2,827,280 | 2,796,920 |
| Financial leverage ratio | 2.89 | 2.69 | 2.57 | 2.47 | 2.50 | 2.36 | 2.32 | 2.35 | 2.48 | 2.44 | 2.42 | 2.32 | 2.32 | 2.48 | 2.45 | 2.53 | 2.39 | 2.51 | 2.52 | 2.55 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,573,000K ÷ $3,655,000K
= 2.89
The financial leverage ratio of Henry Schein Inc has exhibited some fluctuations over the past few quarters, ranging from 2.32 to 2.89. The ratio measures the extent to which the company relies on debt financing as compared to equity. Generally, a higher financial leverage ratio indicates a higher level of financial risk, as it suggests that the company has a larger proportion of debt in its capital structure.
In the recent quarters, the ratio has shown an increasing trend, reaching a peak of 2.89 at the end of December 2023. This may indicate that Henry Schein Inc has been increasing its reliance on debt to finance its operations or investments during this period. It's important for investors and analysts to monitor this trend closely, as higher debt levels can lead to increased financial vulnerability, especially during economic downturns or periods of instability.
Additionally, the fluctuations in the ratio suggest that the company's capital structure has been evolving over time, potentially driven by changes in business strategies, economic conditions, or industry dynamics. Overall, a detailed analysis of Henry Schein Inc's financial leverage ratio can provide valuable insights into the company's risk profile and financial health.
Peer comparison
Dec 31, 2023