ICU Medical Inc (ICUI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,203,930 | 4,378,440 | 4,515,640 | 1,880,740 | 1,763,690 |
| Total stockholders’ equity | US$ in thousands | 1,965,240 | 2,123,410 | 2,089,930 | 1,616,030 | 1,502,260 |
| Financial leverage ratio | 2.14 | 2.06 | 2.16 | 1.16 | 1.17 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,203,930K ÷ $1,965,240K
= 2.14
The financial leverage ratio of ICU Medical Inc has shown fluctuations over the past five years. The ratio was relatively stable between 2020 and 2021, hovering around 1.16 to 1.17. However, there was a significant increase in leverage noted in 2022, with the ratio jumping to 2.16. This increase was followed by a slight decrease in 2023 to 2.06, but the ratio remained elevated compared to the earlier years. In 2024, the financial leverage ratio was recorded at 2.14, indicating a continued high level of leverage. Overall, the trend suggests that ICU Medical Inc has significantly increased its reliance on debt financing in recent years, potentially exposing the company to higher financial risks.
Peer comparison
Dec 31, 2024