Integer Holdings Corp (ITGR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,077,970 | 2,942,650 | 2,794,390 | 2,582,220 | 2,371,860 |
| Total stockholders’ equity | US$ in thousands | 1,619,220 | 1,519,040 | 1,417,460 | 1,354,700 | 1,271,060 |
| Financial leverage ratio | 1.90 | 1.94 | 1.97 | 1.91 | 1.87 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,077,970K ÷ $1,619,220K
= 1.90
The financial leverage ratio of Integer Holdings Corp has shown a slight upward trend over the past five years, increasing from 1.87 in December 31, 2020 to 1.90 in December 31, 2024. This indicates that the company's reliance on debt to finance its operations has also increased modestly during this period. However, the ratio has fluctuated within a relatively narrow range, peaking at 1.97 in December 31, 2022 and reaching a low of 1.87 in December 31, 2020. Overall, while the company's leverage has marginally risen, it has remained relatively stable over the years, suggesting a prudent approach to balancing debt and equity in its capital structure.
Peer comparison
Dec 31, 2024