Integer Holdings Corp (ITGR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 | 2,353,090 |
| Total stockholders’ equity | US$ in thousands | 1,519,040 | 1,417,460 | 1,354,700 | 1,271,060 | 1,152,490 |
| Financial leverage ratio | 1.94 | 1.97 | 1.91 | 1.87 | 2.04 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,942,650K ÷ $1,519,040K
= 1.94
The financial leverage ratio of Integer Holdings Corp has fluctuated over the past five years. The ratio was highest in 2019 at 2.04, indicating a higher level of financial leverage at that time. However, in the subsequent years, the ratio decreased, reaching its lowest point in 2020 at 1.87. This suggests that the company reduced its reliance on debt to fund its operations or investments during those years.
In the most recent year, 2023, the financial leverage ratio increased slightly to 1.94, indicating a slight uptick in the company's level of leverage compared to the previous year. Overall, the trend in the financial leverage ratio of Integer Holdings Corp reflects varying levels of debt usage over the years, which could have implications for the company's financial risk and stability.
Peer comparison
Dec 31, 2023