Lear Corporation (LEA)
Financial leverage ratio
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Total assets | US$ in thousands | 14,027,500 | 14,695,500 | 13,763,000 | 13,352,400 | 13,198,600 |
Total stockholders’ equity | US$ in thousands | 2,863,900 | 4,918,800 | 4,830,300 | 4,808,400 | 4,614,900 |
Financial leverage ratio | 4.90 | 2.99 | 2.85 | 2.78 | 2.86 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $14,027,500K ÷ $2,863,900K
= 4.90
The financial leverage ratio of Lear Corporation has shown fluctuations over the years. It stood at 2.86 as of December 31, 2020, and decreased slightly to 2.78 by December 31, 2021. Thereafter, it increased to 2.85 by December 31, 2022, and further to 2.99 by December 31, 2023. Notably, there was a significant jump to 4.90 by December 31, 2024, indicating a substantial increase in financial leverage at that point in time. Overall, the trend suggests varying levels of leverage utilized by Lear Corporation during the period under consideration.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
Lear Corporation
LEA
4.90
Adient PLC
ADNT
4.38
American Axle & Manufacturing
AXL
8.99
Aptiv PLC
APTV
2.67
Autoliv Inc
ALV
3.43
BorgWarner Inc
BWA
2.53
Dana Inc
DAN
5.62
Dorman Products Inc
DORM
1.87
Gentex Corporation
GNTX
1.12
Gentherm Inc
THRM
2.02
Honeywell International Inc
HON
1.43