Itron Inc (ITRI)
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 | 2,604,260 | 2,511,410 | 2,498,640 | 2,445,920 | 2,378,080 | 2,316,780 | 2,307,600 | 2,419,820 | 2,393,790 | 2,422,770 | 2,488,580 | 2,927,970 | 2,607,020 | 3,015,920 | 3,012,140 | 3,071,750 | 2,707,840 | 2,675,890 | 2,706,350 | 2,696,620 |
| Total stockholders’ equity | US$ in thousands | 1,310,910 | 1,237,730 | 1,205,120 | 1,171,280 | 1,168,470 | 1,093,830 | 1,110,110 | 1,160,080 | 1,116,080 | 1,173,590 | 1,175,280 | 1,196,470 | 816,548 | 771,896 | 777,799 | 770,740 | 776,538 | 737,289 | 723,302 | 709,405 |
| Financial leverage ratio | 1.99 | 2.03 | 2.07 | 2.09 | 2.04 | 2.12 | 2.08 | 2.09 | 2.14 | 2.06 | 2.12 | 2.45 | 3.19 | 3.91 | 3.87 | 3.99 | 3.49 | 3.63 | 3.74 | 3.80 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,604,260K ÷ $1,310,910K
= 1.99
The financial leverage ratio of Itron Inc. has shown some fluctuations over the past eight quarters. The ratio has ranged from a low of 1.99 in Q4 2023 to a high of 2.12 in Q3 2022. This ratio indicates that, on average, the company has been using a mix of debt and equity to finance its operations and investments. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure.
The increasing trend from Q4 2022 to Q1 2023, with a peak at 2.09, indicates a potential increase in the company's reliance on debt financing during that period. However, the ratio started to decrease slightly in Q2 2023, which could imply a shift towards a lower debt position or an increase in equity. This decrease continued into Q4 2023, reaching a ratio of 1.99, which might suggest a reduction in the company's financial leverage and a stronger equity position.
Overall, the trend in Itron Inc.'s financial leverage ratio shows some variability, but it is important for investors and stakeholders to monitor this ratio to assess the company's financial risk and capital structure decisions.
Peer comparison
Dec 31, 2023