MarineMax Inc (HZO)
Financial leverage ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,421,300 | 1,352,770 | 1,007,820 | 775,319 | 784,083 |
| Total stockholders’ equity | US$ in thousands | 915,843 | 782,666 | 594,892 | 455,397 | 368,819 |
| Financial leverage ratio | 2.64 | 1.73 | 1.69 | 1.70 | 2.13 |
September 30, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,421,300K ÷ $915,843K
= 2.64
The financial leverage ratio of Marinemax, Inc. has fluctuated over the past five years, reaching 2.64 in 2023, 1.73 in 2022, 1.69 in 2021, 1.70 in 2020, and 2.13 in 2019. The financial leverage ratio measures the proportion of a company's debt to its equity and indicates the level of financial risk the company carries. A higher ratio signifies higher financial risk, as it suggests a larger reliance on debt financing. The significant increase in 2023 compared to the previous year indicates an amplified level of financial risk and potential concerns regarding the company's ability to meet its debt obligations. It is essential for investors and lenders to closely monitor Marinemax, Inc.'s financial leverage ratio to assess its financial stability and risk profile.
Peer comparison
Sep 30, 2023