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
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.