Middleby Corp (MIDD)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	7,283,150	6,906,690	6,874,870	6,383,600	5,202,470
Total stockholders’ equity	US$ in thousands	3,638,430	3,249,890	2,797,750	2,494,280	1,976,650
Financial leverage ratio		2.00	2.13	2.46	2.56	2.63

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,283,150K ÷ $3,638,430K
= 2.00

The financial leverage ratio of Middleby Corp has shown a declining trend from 2.63 in December 31, 2020, to 2.00 in December 31, 2024. This indicates that the company has been reducing its reliance on debt financing over the years, which could be a positive sign as lower leverage ratios typically signify lower financial risk and higher solvency. The decreasing trend suggests that the company may be managing its debt levels more prudently and improving its overall financial health.

Peer comparison

Dec 31, 2024

Company name

Symbol

Financial leverage ratio

Middleby Corp

MIDD

2.00

Hayward Holdings Inc

HAYW

2.10

Standex International Corporation