Itron Inc (ITRI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,407,620 | 2,604,260 | 2,378,080 | 2,393,790 | 2,607,020 |
| Total stockholders’ equity | US$ in thousands | 1,390,600 | 1,310,910 | 1,168,470 | 1,116,080 | 816,548 |
| Financial leverage ratio | 2.45 | 1.99 | 2.04 | 2.14 | 3.19 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,407,620K ÷ $1,390,600K
= 2.45
The financial leverage ratio of Itron Inc has shown a declining trend from 3.19 in December 2020 to 2.45 in December 2024. This indicates that the company has been gradually reducing its reliance on debt to finance its operations over the years. However, it is worth noting that the ratio experienced a slight increase in 2024 compared to the previous year. Overall, the decreasing trend in the financial leverage ratio suggests that the company has been effectively managing its debt levels, which could lead to a more stable financial position and lower financial risk in the long term.
Peer comparison
Dec 31, 2024