IDEX Corporation (IEX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,745,300 | 5,865,200 | 5,511,900 | 4,917,200 | 4,414,400 |
| Total stockholders’ equity | US$ in thousands | 3,794,700 | 3,541,400 | 3,039,300 | 2,803,100 | 2,540,200 |
| Financial leverage ratio | 1.78 | 1.66 | 1.81 | 1.75 | 1.74 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,745,300K ÷ $3,794,700K
= 1.78
The financial leverage ratio of IDEX Corporation has shown some fluctuations over the past five years. Starting at 1.74 in December 2020, it slightly increased to 1.75 by December 2021. Subsequently, there was a more noticeable rise to 1.81 by December 2022. However, in December 2023, the ratio decreased to 1.66, indicating a reduction in the company's reliance on debt to finance its operations. The ratio then increased again to 1.78 by December 2024, although it remained below the peak observed in 2022. Overall, the fluctuations in the financial leverage ratio suggest varying levels of debt utilization by IDEX Corporation during the period under review.
Peer comparison
Dec 31, 2024