IPG Photonics Corporation (IPGP)
Financial leverage ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Total assets | US$ in thousands | 2,289,260 | 2,698,900 | 2,743,280 | 3,170,540 | 2,935,700 |
Total stockholders’ equity | US$ in thousands | 2,024,470 | 2,415,380 | 2,385,360 | 2,746,580 | 2,592,820 |
Financial leverage ratio | 1.13 | 1.12 | 1.15 | 1.15 | 1.13 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,289,260K ÷ $2,024,470K
= 1.13
The financial leverage ratio for IPG Photonics Corporation has shown a slight increase from 1.13 in December 2020 to 1.15 in December 2021 and maintained this level through December 2022. However, there was a slight decrease to 1.12 by December 2023 before returning to 1.13 by December 2024. Overall, the company's financial leverage ratio indicates a stable level of leverage over the analyzed period, suggesting that the company has a relatively conservative approach to debt financing compared to equity.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
IPG Photonics Corporation
IPGP
1.13
ADEIA CORP
ADEA
2.77
Advanced Micro Devices Inc
AMD
1.20
Allegro Microsystems Inc
ALGM
1.35
Alpha and Omega Semiconductor Ltd
AOSL
1.28
Amkor Technology Inc
AMKR
1.67
Analog Devices Inc
ADI
1.37
Applied Materials Inc
AMAT
1.81
Broadcom Inc
AVGO
2.45
CEVA Inc
CEVA
1.16
Cirrus Logic Inc
CRUS
1.23