Innospec Inc (IOSP)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,707,400 | 1,618,600 | 1,610,800 | 1,624,100 | 1,603,700 | 1,669,200 | 1,637,900 | 1,623,800 | 1,570,900 | 1,492,400 | 1,461,800 | 1,426,100 | 1,397,400 | 1,343,700 | 1,339,000 | 1,455,300 | 1,468,800 | 1,494,400 | 1,489,600 | 1,526,600 |
| Total stockholders’ equity | US$ in thousands | 1,147,100 | 1,125,400 | 1,092,200 | 1,078,200 | 1,038,000 | 1,089,400 | 1,067,900 | 1,068,200 | 1,032,400 | 992,500 | 973,600 | 958,600 | 944,400 | -64,300 | 899,200 | 943,800 | -74,400 | 881,800 | 862,700 | 848,400 |
| Financial leverage ratio | 1.49 | 1.44 | 1.47 | 1.51 | 1.54 | 1.53 | 1.53 | 1.52 | 1.52 | 1.50 | 1.50 | 1.49 | 1.48 | — | 1.49 | 1.54 | — | 1.69 | 1.73 | 1.80 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,707,400K ÷ $1,147,100K
= 1.49
The financial leverage ratio of Innospec Inc has demonstrated slight fluctuations over the past eight quarters, ranging from 1.44 to 1.54. The trend indicates that the company's reliance on debt to finance its operations and growth has been relatively stable, with a moderate increase in leverage in Q1 2022 and a subsequent decrease in Q3 2023. Overall, the average financial leverage ratio over the period has been around 1.50, suggesting that the company maintains a conservative level of debt relative to its equity. However, it is essential to further analyze the company's financial statements and capital structure to understand the full implications of its leverage ratio on its financial health and performance.
Peer comparison
Dec 31, 2023