Merit Medical Systems Inc (MMSI)

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
Total assets US$ in thousands 2,418,600 2,378,080 2,371,840 2,326,350 2,325,240 1,808,500 1,837,570 1,684,110 1,663,970 1,632,740 1,631,520 1,629,740 1,648,290 1,643,170 1,642,390 1,651,720 1,664,400 1,670,510 1,715,870 1,749,270
Total stockholders’ equity US$ in thousands 1,379,360 1,323,410 1,282,440 1,240,190 1,202,000 1,229,880 1,203,700 1,171,660 1,144,400 1,088,840 1,073,310 1,056,520 1,039,800 1,013,380 992,434 976,692 958,575 933,837 928,847 939,798
Financial leverage ratio 1.75 1.80 1.85 1.88 1.93 1.47 1.53 1.44 1.45 1.50 1.52 1.54 1.59 1.62 1.65 1.69 1.74 1.79 1.85 1.86

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,418,600K ÷ $1,379,360K
= 1.75

The financial leverage ratio of Merit Medical Systems Inc has shown a declining trend from 1.86 as of March 31, 2020, to 1.75 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations over the period. A decreasing financial leverage ratio suggests that the company is becoming less leveraged and may be in a stronger financial position with a lower risk of financial distress. However, the ratio increased slightly in the following period, reaching 1.93 as of March 31, 2023, before decreasing again to 1.44 as of March 31, 2023. The consistent decrease from 2020 to 2024 suggests that Merit Medical Systems Inc has been managing its debt levels effectively, which can positively impact its financial stability and future growth prospects.