Knowles Cor (KN)
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 | 1,462,800 | 1,182,200 | 1,176,000 | 1,195,500 | 1,183,900 | 1,436,700 | 1,458,400 | 1,718,700 | 1,731,600 | 1,723,200 | 1,681,900 | 1,675,300 | 1,654,900 | 1,667,700 | 1,687,700 | 1,696,800 | 1,654,600 | 1,607,500 | 1,585,800 | 1,575,000 |
| Total stockholders’ equity | US$ in thousands | 1,034,100 | 993,300 | 986,500 | 987,400 | 992,900 | 1,180,200 | 1,203,600 | 1,474,100 | 1,459,500 | 1,366,100 | 1,332,100 | 1,323,700 | 1,303,500 | 1,264,600 | 1,243,800 | 1,253,800 | 1,288,500 | 1,257,300 | 1,227,200 | 1,216,500 |
| Financial leverage ratio | 1.41 | 1.19 | 1.19 | 1.21 | 1.19 | 1.22 | 1.21 | 1.17 | 1.19 | 1.26 | 1.26 | 1.27 | 1.27 | 1.32 | 1.36 | 1.35 | 1.28 | 1.28 | 1.29 | 1.29 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,462,800K ÷ $1,034,100K
= 1.41
The financial leverage ratio of Knowles Corp has fluctuated over the past eight quarters, ranging from a low of 1.17 to a high of 1.41. The ratio measures the company's level of debt relative to its equity, indicating the extent to which the company relies on borrowed funds to finance its operations.
A ratio above 1 indicates that the company has more debt than equity, suggesting a higher level of financial risk. In this case, Knowles Corp's financial leverage ratio has generally been above 1, with the highest level observed in Q4 2023 at 1.41. This indicates that the company has been using a significant amount of debt to fund its operations during that period.
Overall, fluctuations in the financial leverage ratio suggest changes in the company's capital structure and financial risk profile over time. It is essential for stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Peer comparison
Dec 31, 2023