Ingersoll Rand Inc (IR)

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 18,009,800 18,206,200 17,838,500 15,529,000 15,563,500 15,154,000 15,028,600 14,995,000 14,765,900 14,225,600 14,221,400 15,104,800 15,154,500 14,922,800 16,176,700 15,861,900 16,058,600 15,610,500 15,433,300 15,358,300
Total stockholders’ equity US$ in thousands 10,179,000 10,267,600 9,958,200 9,855,300 9,783,800 9,554,000 9,414,800 9,317,300 9,195,800 8,750,900 8,776,900 8,992,200 9,001,500 8,653,600 9,277,900 8,956,700 9,119,700 8,771,700 8,574,900 8,686,200
Financial leverage ratio 1.77 1.77 1.79 1.58 1.59 1.59 1.60 1.61 1.61 1.63 1.62 1.68 1.68 1.72 1.74 1.77 1.76 1.78 1.80 1.77

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,009,800K ÷ $10,179,000K
= 1.77

The financial leverage ratio of Ingersoll Rand Inc has shown fluctuations over the years, ranging from 1.58 to 1.80. The ratio decreased from 1.80 in June 2020 to 1.59 in March 2023, indicating a reduction in the company's reliance on debt to finance its operations. However, there was a slight increase to 1.79 in June 2024, suggesting a potential uptick in leverage.

Overall, the trend in the financial leverage ratio appears to be relatively stable, with minor fluctuations within a relatively narrow range. It is important for stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively.