Innospec Inc (IOSP)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,734,700 | 1,707,400 | 1,603,700 | 1,570,900 | 1,397,400 |
| Total stockholders’ equity | US$ in thousands | 1,211,200 | 1,147,100 | 1,038,000 | 1,032,400 | 944,400 |
| Financial leverage ratio | 1.43 | 1.49 | 1.54 | 1.52 | 1.48 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,734,700K ÷ $1,211,200K
= 1.43
The financial leverage ratio of Innospec Inc has shown a generally increasing trend from 1.48 in December 2020 to 1.43 in December 2024. This indicates that the company's reliance on debt has decreased slightly over the years, reflecting a potential improvement in its financial stability and ability to meet its financial obligations. However, the ratio fluctuated during this period, peaking at 1.54 in December 2022 before declining. Overall, the trend suggests that Innospec Inc has been managing its debt levels effectively, maintaining a balance between equity and debt financing to support its operations and growth.
Peer comparison
Dec 31, 2024