IDEX Corporation (IEX)
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 | 6,745,300 | 6,967,500 | 5,903,300 | 5,889,400 | 5,865,200 | 5,669,600 | 5,719,900 | 5,658,000 | 5,511,900 | 4,892,600 | 4,912,800 | 4,999,700 | 4,917,200 | 4,854,580 | 4,783,000 | 4,460,730 | 4,414,400 | 4,225,600 | 4,073,590 | 3,943,680 |
| Total stockholders’ equity | US$ in thousands | 3,794,700 | 3,818,900 | 3,653,800 | 3,618,600 | 3,541,400 | 3,387,100 | 3,278,700 | 3,229,200 | 3,039,300 | 2,802,800 | 2,788,200 | 2,899,000 | 2,803,100 | 2,726,240 | 2,672,800 | 2,609,930 | 2,540,200 | 2,396,530 | 2,261,040 | 2,229,790 |
| Financial leverage ratio | 1.78 | 1.82 | 1.62 | 1.63 | 1.66 | 1.67 | 1.74 | 1.75 | 1.81 | 1.75 | 1.76 | 1.72 | 1.75 | 1.78 | 1.79 | 1.71 | 1.74 | 1.76 | 1.80 | 1.77 |
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 period under consideration. The ratio ranged from a low of 1.62 to a high of 1.82. Generally, a higher financial leverage ratio indicates a higher level of debt financing relative to equity, suggesting higher financial risk.
From March 31, 2020, to June 30, 2021, the financial leverage ratio increased steadily, indicating a higher reliance on debt to finance operations during that period. However, from September 30, 2021, to December 31, 2023, the ratio decreased gradually, suggesting a reduction in debt relative to equity, potentially reducing financial risk.
By the end of December 31, 2024, the financial leverage ratio increased to 1.78, indicating a slight uptick in the level of debt financing compared to equity. It is essential for IDEX Corporation to monitor and manage its financial leverage ratio effectively to maintain a healthy capital structure and manage financial risk appropriately.
Peer comparison
Dec 31, 2024