International Seaways Inc (INSW)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,636,400 | 2,521,820 | 2,615,330 | 2,346,780 | 1,586,540 |
| Total stockholders’ equity | US$ in thousands | 1,856,050 | 1,716,760 | 1,487,750 | 1,133,690 | 972,042 |
| Financial leverage ratio | 1.42 | 1.47 | 1.76 | 2.07 | 1.63 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,636,400K ÷ $1,856,050K
= 1.42
International Seaways Inc's financial leverage ratio has shown fluctuations over the past five years.
As of December 31, 2020, the financial leverage ratio stood at 1.63, indicating that the company's debt levels were 1.63 times its equity. This ratio increased to 2.07 by December 31, 2021, signaling a higher reliance on debt financing compared to equity.
Subsequently, by December 31, 2022, the financial leverage ratio decreased to 1.76, suggesting a reduction in the proportion of debt in the company's capital structure. However, by the end of December 31, 2023, the ratio further decreased to 1.47, indicating a potentially more conservative capital structure.
By December 31, 2024, the financial leverage ratio decreased once again to 1.42, implying a continued trend towards lower debt relative to equity.
Overall, the fluctuations in International Seaways Inc's financial leverage ratio suggest changes in the company's capital structure and risk profile over the years, which may have implications for its financial stability and growth strategies.
Peer comparison
Dec 31, 2024