ICU Medical Inc (ICUI)

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 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 1,692,380 1,637,780 1,622,920 1,613,270
Total stockholders’ equity US$ in thousands 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 1,377,240 1,340,340 1,317,860 1,282,690
Financial leverage ratio 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 1.23 1.22 1.23 1.26

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,378,440K ÷ $2,123,410K
= 2.06

The financial leverage ratio of ICU Medical, Inc. has been fluctuating over the past eight quarters. The ratio decreased from 2.16 in Q4 2022 to 2.06 in Q4 2023, indicating a lower level of financial leverage at the end of 2023 compared to the previous year. However, there was a slight increase in the ratio during Q1 to Q3 2023 before decreasing again in Q4 2023.

Overall, the trend suggests that ICU Medical, Inc. has been managing its financial leverage slightly more effectively in the most recent quarter, as indicated by the lower ratio. It is important to closely monitor this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk management practices.