ICU Medical Inc (ICUI)
Financial leverage ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
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Total assets | US$ in thousands | 4,203,930 | 4,305,040 | 4,286,670 | 4,288,400 | 4,378,440 | 4,376,860 | 4,463,040 | 4,470,630 | 4,515,640 | 4,450,480 | 4,590,000 | 4,746,730 | 1,880,740 | 1,839,350 | 1,802,840 | 1,765,230 | 1,763,690 | 1,729,540 | 1,859,060 | 1,816,980 |
Total stockholders’ equity | US$ in thousands | 1,965,240 | 2,048,590 | 2,037,810 | 2,067,830 | 2,123,410 | 2,098,360 | 2,114,820 | 2,100,400 | 2,089,930 | 2,012,800 | 2,085,870 | 2,178,900 | 1,616,030 | 1,589,970 | 1,557,260 | 1,520,770 | 1,502,260 | 1,452,220 | 1,411,800 | 1,375,890 |
Financial leverage ratio | 2.14 | 2.10 | 2.10 | 2.07 | 2.06 | 2.09 | 2.11 | 2.13 | 2.16 | 2.21 | 2.20 | 2.18 | 1.16 | 1.16 | 1.16 | 1.16 | 1.17 | 1.19 | 1.32 | 1.32 |
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 a slight decrease from 1.32 as of March 31, 2020, to 1.16 as of December 31, 2021. This indicates that the company's level of debt relative to its equity has decreased over this period. However, starting from March 31, 2022, the financial leverage ratio began to increase steadily, reaching 2.14 as of December 31, 2024.
The significant increase in the financial leverage ratio since the first quarter of 2022 suggests that ICU Medical Inc has been taking on more debt relative to its equity. This could potentially signal a higher financial risk for the company, as a higher leverage ratio indicates a greater reliance on debt financing, which may lead to increased financial vulnerability during economic downturns.
It would be important for stakeholders and investors to closely monitor the company's debt levels and overall financial health, as the increasing trend in the financial leverage ratio could impact ICU Medical Inc's ability to manage its debt obligations and navigate challenging market conditions in the future.
Peer comparison
Dec 31, 2024