John Bean Technologies Corporation (JBT)
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 | 2,710,400 | 2,688,800 | 2,587,800 | 2,579,600 | 2,641,000 | 2,554,500 | 2,222,100 | 2,209,900 | 2,141,400 | 2,038,500 | 1,976,300 | 1,794,300 | 1,805,900 | 1,811,900 | 1,821,000 | 1,884,200 | 1,914,900 | 1,918,800 | 1,912,300 | 1,521,600 |
| Total stockholders’ equity | US$ in thousands | 1,488,900 | 1,373,100 | 921,200 | 891,000 | 905,400 | 806,200 | 789,800 | 783,600 | 750,500 | 707,300 | 685,700 | 672,100 | 637,100 | 611,400 | 596,600 | 570,700 | 569,500 | 523,700 | 500,000 | 476,400 |
| Financial leverage ratio | 1.82 | 1.96 | 2.81 | 2.90 | 2.92 | 3.17 | 2.81 | 2.82 | 2.85 | 2.88 | 2.88 | 2.67 | 2.83 | 2.96 | 3.05 | 3.30 | 3.36 | 3.66 | 3.82 | 3.19 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,710,400K ÷ $1,488,900K
= 1.82
The financial leverage ratio for John Bean Technologies Corp has been fluctuating over the past eight quarters. The ratio, which indicates the company's level of debt relative to its equity, started at a relatively lower level of 1.82 in Q4 2022 and increased steadily to reach 3.17 in Q3 2022. This significant rise in leverage suggests that the company had been increasing its debt levels in relation to equity during this period.
Subsequently, there was a slight decrease in the financial leverage ratio in Q1 2023 to 2.90, followed by a further decline in Q2 2023 to 2.81. This downtrend may indicate that the company was either reducing its debt levels or increasing its equity compared to the previous quarters, resulting in a lower overall leverage ratio.
However, in Q3 2023, the financial leverage ratio increased again to 1.96, and then further decreased to 1.82 in Q4 2023. These fluctuations suggest that John Bean Technologies Corp has been actively managing its capital structure, potentially adjusting its debt and equity levels in response to changing business conditions or strategic decisions.
Overall, the varying trend in the financial leverage ratio for John Bean Technologies Corp implies that the company has been actively managing its leverage to maintain a balanced capital structure and financial stability over the analyzed period.
Peer comparison
Dec 31, 2023