Itron Inc (ITRI)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,407,620 | 3,365,410 | 3,283,940 | 2,676,560 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,390,600 | 1,348,320 | 1,239,560 | 1,364,720 | 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 |
| Financial leverage ratio | 2.45 | 2.50 | 2.65 | 1.96 | 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 |
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 March 31, 2020, where it was at 3.99, to December 31, 2024, where it decreased to 2.45. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and growth. However, there was a notable spike in the ratio at June 30, 2024, where it jumped to 2.65 before decreasing again in subsequent periods. Overall, the decreasing trend in the financial leverage ratio suggests that Itron Inc has been managing its debt levels effectively, which is generally viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024