MarineMax Inc (HZO)
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 | 2,526,510 | 2,421,300 | 2,380,300 | 2,324,730 | 2,113,280 | 1,352,770 | 1,320,070 | 1,205,720 | 1,175,140 | 1,007,820 | 956,090 | 925,126 | 964,888 | 775,319 | 735,960 | 873,104 | 835,406 | 784,083 | 755,407 | 749,025 |
| Total stockholders’ equity | US$ in thousands | 925,098 | 915,843 | 899,809 | 848,626 | 812,220 | 782,666 | 742,740 | 674,260 | 633,352 | 594,892 | 572,771 | 523,304 | 482,582 | 455,397 | 425,025 | 387,077 | 380,747 | 368,819 | 369,786 | 368,489 |
| Financial leverage ratio | 2.73 | 2.64 | 2.65 | 2.74 | 2.60 | 1.73 | 1.78 | 1.79 | 1.86 | 1.69 | 1.67 | 1.77 | 2.00 | 1.70 | 1.73 | 2.26 | 2.19 | 2.13 | 2.04 | 2.03 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,526,510K ÷ $925,098K
= 2.73
The financial leverage ratio measures the extent to which a company relies on debt to finance its assets. Marinemax, Inc.'s financial leverage ratio has fluctuated over the past eight quarters, ranging from 1.73 to 2.74. A higher financial leverage ratio indicates a greater reliance on debt financing.
In the most recent quarter, the company's financial leverage ratio was 2.73, representing an increase from the previous quarter. This may indicate a higher level of debt relative to assets, which could potentially increase financial risk. It's important to closely monitor the trend in the financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively.
Peer comparison
Dec 31, 2023