LCI Industries (LCII)
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 | ||
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Total assets | US$ in thousands | 2,894,740 | 3,024,960 | 3,011,980 | 2,981,340 | 2,959,320 | 3,033,810 | 3,076,400 | 3,209,370 | 3,246,910 | 3,268,970 | 3,482,700 | 3,640,720 | 3,288,090 | 3,088,180 | 2,776,180 | 2,500,470 | 2,298,030 | 2,110,680 | 2,018,270 | 2,051,210 |
Total stockholders’ equity | US$ in thousands | 1,386,890 | 1,418,320 | 1,394,410 | 1,356,880 | 1,355,040 | 1,372,140 | 1,370,900 | 1,359,510 | 1,381,010 | 1,423,560 | 1,394,360 | 1,259,250 | 1,092,880 | 1,031,140 | 986,176 | 959,587 | 908,326 | 875,562 | 816,630 | 807,803 |
Financial leverage ratio | 2.09 | 2.13 | 2.16 | 2.20 | 2.18 | 2.21 | 2.24 | 2.36 | 2.35 | 2.30 | 2.50 | 2.89 | 3.01 | 2.99 | 2.82 | 2.61 | 2.53 | 2.41 | 2.47 | 2.54 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,894,740K ÷ $1,386,890K
= 2.09
LCI Industries' financial leverage ratio has displayed some fluctuations over the past few years, ranging from a low of 2.09 at the end of December 2024 to a high of 3.01 at the end of December 2021. The financial leverage ratio measures the company's use of debt to finance its operations and investments. A higher ratio indicates a higher level of debt relative to equity.
The trend in LCI Industries' financial leverage ratio shows an increase from 2.54 in March 2020 to 3.01 in December 2021, suggesting a significant rise in the company's debt relative to equity during this period. However, there was a subsequent decline in the ratio to 2.09 by the end of December 2024, indicating a reduction in leverage.
Overall, it is important for stakeholders to monitor the financial leverage ratio closely, as it can provide insights into the company's risk profile and financial stability. A higher ratio may indicate increased financial risk, while a lower ratio may suggest a more conservative capital structure.
Peer comparison
Dec 31, 2024