Inter Parfums Inc (IPAR)

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	1,369,330	1,394,400	1,351,660	1,380,210	1,308,540	1,111,190	1,102,450	1,162,210	1,145,360	1,126,550	1,108,320	1,145,360	890,145	816,181	753,719	781,432	828,832	800,428	815,192	824,482
Total stockholders’ equity	US$ in thousands	699,393	690,309	668,201	658,406	616,782	574,696	569,814	584,559	571,920	585,659	561,319	540,112	535,835	499,460	465,988	462,024	468,004	457,261	458,989	453,891
Financial leverage ratio		1.96	2.02	2.02	2.10	2.12	1.93	1.93	1.99	2.00	1.92	1.97	2.12	1.66	1.63	1.62	1.69	1.77	1.75	1.78	1.82

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,369,330K ÷ $699,393K
= 1.96

Interpreting the financial leverage ratio trend of Inter Parfums, Inc. over the past 8 quarters, we observed fluctuations within a narrow range. The ratio ranged from 1.93 to 2.12, with the highest value recorded in Q4 2022 and the lowest in Q3 2022. The ratio peaked at 2.12 in Q4 2022 and showed a slight decline to 1.96 in Q4 2023, indicating a decrease in financial leverage during the most recent quarter. Overall, the company's financial leverage has been relatively stable with a slight downward trend, suggesting a conservative approach to utilizing debt in its capital structure. Further analysis and comparison with industry benchmarks would provide a more comprehensive assessment of the company's leverage position.