Innospec Inc (IOSP)
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 | 1,734,700 | 1,797,700 | 1,700,300 | 1,732,800 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,211,200 | 1,243,400 | 1,192,600 | 1,183,600 | 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 |
| Financial leverage ratio | 1.43 | 1.45 | 1.43 | 1.46 | 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 |
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 been relatively stable over the past few years, ranging between 1.43 and 1.54. This indicates that the company has been effectively managing its debt levels in relation to its equity. A ratio of around 1.50 suggests that the company is using a moderate amount of debt to finance its operations, striking a balance between maximizing returns for shareholders and managing financial risk. The slight fluctuations in the ratio over time may reflect changes in the company's capital structure or overall financial health. Overall, the consistent level of financial leverage suggests that the company has maintained a prudent approach to managing its debt obligations.
Peer comparison
Dec 31, 2024