Illinois Tool Works Inc (ITW)
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 | 15,067,000 | 15,824,000 | 15,577,000 | 15,653,000 | 15,518,000 | 15,395,000 | 15,652,000 | 15,921,000 | 15,422,000 | 15,226,000 | 15,666,000 | 16,286,000 | 16,077,000 | 15,517,000 | 15,580,000 | 15,663,000 | 15,612,000 | 14,940,000 | 14,263,000 | 14,149,000 |
| Total stockholders’ equity | US$ in thousands | 3,316,000 | 3,391,000 | 2,961,000 | 3,020,000 | 3,012,000 | 3,003,000 | 3,093,000 | 3,100,000 | 3,088,000 | 3,013,000 | 3,378,000 | 3,581,000 | 3,625,000 | 3,492,000 | 3,520,000 | 3,274,000 | 3,181,000 | 2,696,000 | 2,357,000 | 2,283,000 |
| Financial leverage ratio | 4.54 | 4.67 | 5.26 | 5.18 | 5.15 | 5.13 | 5.06 | 5.14 | 4.99 | 5.05 | 4.64 | 4.55 | 4.44 | 4.44 | 4.43 | 4.78 | 4.91 | 5.54 | 6.05 | 6.20 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,067,000K ÷ $3,316,000K
= 4.54
The financial leverage ratio of Illinois Tool Works Inc has shown a declining trend from March 31, 2020, where it stood at 6.20, to December 31, 2024, at 4.54. This indicates that the company has been gradually reducing its financial leverage over the years. The ratio experienced minor fluctuations during the reporting periods, reaching its lowest point at 4.43 on June 30, 2021, and its highest at 6.20 on March 31, 2020. Overall, the decreasing trend suggests that Illinois Tool Works Inc has been managing its debt levels effectively and improving its financial position by reducing reliance on debt financing.
Peer comparison
Dec 31, 2024