International Seaways Inc (INSW)

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	2,636,400	2,587,850	2,674,670	2,551,420	2,521,820	2,561,020	2,655,660	2,571,530	2,615,330	2,459,900	2,364,240	2,366,590	2,346,780	2,441,830	1,878,650	1,552,050	1,586,540	1,712,310	1,758,960	1,740,730
Total stockholders’ equity	US$ in thousands	1,856,050	1,874,630	1,887,440	1,794,890	1,716,760	1,650,080	1,620,270	1,557,280	1,487,750	1,328,830	1,230,560	1,164,870	1,133,690	1,214,780	1,142,130	967,763	972,042	1,086,520	1,072,050	1,029,680
Financial leverage ratio		1.42	1.38	1.42	1.42	1.47	1.55	1.64	1.65	1.76	1.85	1.92	2.03	2.07	2.01	1.64	1.60	1.63	1.58	1.64	1.69

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,636,400K ÷ $1,856,050K
= 1.42

The financial leverage ratio of International Seaways Inc has shown fluctuations over the given period. The ratio started at 1.69 on March 31, 2020, decreased to 1.58 by September 30, 2020, and then increased to 2.07 by December 31, 2021.

From March 31, 2022, the financial leverage ratio began to decrease steadily, reaching 1.42 by December 31, 2024. This trend indicates that the company's reliance on debt to finance its operations has been reducing over time. A decreasing financial leverage ratio suggests that the company is becoming less leveraged and potentially less risky to investors.

Overall, the downward trend in the financial leverage ratio of International Seaways Inc shows a gradual reduction in the company's debt relative to its equity, signaling an improvement in its financial stability and risk profile.