Mattel Inc (MAT)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,544,080 | 6,435,820 | 6,177,700 | 6,393,900 | 5,521,100 |
| Total stockholders’ equity | US$ in thousands | 2,264,120 | 2,149,210 | 2,056,300 | 1,568,800 | 596,300 |
| Financial leverage ratio | 2.89 | 2.99 | 3.00 | 4.08 | 9.26 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,544,080K ÷ $2,264,120K
= 2.89
The financial leverage ratio of Mattel Inc has shown a significant improvement over the past five years, decreasing from 9.26 in December 2020 to 2.89 in December 2024. This trend indicates that the company has been effectively reducing its reliance on debt financing and increasing its equity base. A lower financial leverage ratio suggests a lower level of financial risk and a stronger financial position for the company. Mattel Inc's decreasing financial leverage ratio reflects a favorable shift towards a more stable capital structure and improved financial health over the analyzed period.