Ingredion Incorporated (INGR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,444,000 | 7,642,000 | 7,561,000 | 6,999,000 | 6,858,000 |
| Total stockholders’ equity | US$ in thousands | 3,804,000 | 3,538,000 | 3,195,000 | 3,136,000 | 2,981,000 |
| Financial leverage ratio | 1.96 | 2.16 | 2.37 | 2.23 | 2.30 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,444,000K ÷ $3,804,000K
= 1.96
The financial leverage ratio of Ingredion Incorporated has shown fluctuations over the years based on the provided data. The ratio decreased from 2.30 in December 2020 to 2.23 in December 2021, suggesting a decrease in the company's reliance on debt to finance its operations. However, in December 2022, the financial leverage ratio increased to 2.37, indicating a potential increase in debt usage. The ratio then decreased significantly to 2.16 in December 2023 and further declined to 1.96 by December 2024, implying a reduction in the company's debt relative to its equity.
Overall, the trend in the financial leverage ratio for Ingredion Incorporated shows some variability but generally indicates a movement towards lower leverage levels in recent years. This could reflect the company's efforts to manage its debt levels prudently or optimize its capital structure for improved financial stability and performance. Further analysis of the company's debt management strategies and their impact on overall financial health would provide a more holistic view of its financial leverage position.
Peer comparison
Dec 31, 2024