Integer Holdings Corp (ITGR)
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 | 2,942,650 | 2,839,350 | 2,861,340 | 2,873,550 | 2,794,390 | 2,738,470 | 2,758,090 | 2,608,040 | 2,582,220 | 2,348,130 | 2,359,140 | 2,343,350 | 2,371,860 | 2,449,000 | 2,523,460 | 2,398,030 | 2,353,090 | 2,358,820 | 2,373,650 | 2,367,190 |
| Total stockholders’ equity | US$ in thousands | 1,519,040 | 1,463,350 | 1,445,660 | 1,417,940 | 1,417,460 | 1,355,060 | 1,363,450 | 1,364,350 | 1,354,700 | 1,332,250 | 1,314,570 | 1,277,720 | 1,271,060 | 1,233,000 | 1,181,400 | 1,164,200 | 1,152,490 | 1,128,580 | 1,111,700 | 1,075,970 |
| Financial leverage ratio | 1.94 | 1.94 | 1.98 | 2.03 | 1.97 | 2.02 | 2.02 | 1.91 | 1.91 | 1.76 | 1.79 | 1.83 | 1.87 | 1.99 | 2.14 | 2.06 | 2.04 | 2.09 | 2.14 | 2.20 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,942,650K ÷ $1,519,040K
= 1.94
The financial leverage ratio for Integer Holdings Corp has fluctuated over the past eight quarters, ranging from 1.91 to 2.03. This ratio indicates the extent to which the company relies on debt financing to fund its operations and growth. A higher ratio suggests a higher level of financial risk due to increased reliance on debt, which can amplify returns but also increase the potential for financial distress, especially during economic downturns. On the other hand, a lower ratio indicates a more conservative capital structure with less debt financing.
Integer Holdings Corp's financial leverage ratio has been relatively stable around the 2.00 mark, indicating a moderate level of leverage over the period. While the ratio did peak at 2.03 in Q1 2023, it has generally been around 1.91 to 2.02 in the other quarters. This suggests that the company has maintained a consistent level of debt relative to its equity.
It is important for investors and analysts to monitor changes in the financial leverage ratio over time to assess the company's evolving risk profile and financial health. Additionally, comparing the company's ratio to industry peers and benchmarking against industry norms can provide further insight into its capital structure and risk management practices.
Peer comparison
Dec 31, 2023