Callaway Golf Company (MODG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,636,100 | 9,120,600 | 8,590,400 | 7,747,800 | 1,980,600 |
| Total stockholders’ equity | US$ in thousands | 2,407,700 | 3,878,200 | 3,774,300 | 3,682,900 | 675,644 |
| Financial leverage ratio | 3.17 | 2.35 | 2.28 | 2.10 | 2.93 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,636,100K ÷ $2,407,700K
= 3.17
The financial leverage ratio for Callaway Golf Company has fluctuated over the past five years. Starting at 2.93 in December 2020, the ratio decreased to 2.10 by December 2021, marking a significant drop. Subsequently, there was a slight increase to 2.28 by December 2022 and further to 2.35 by December 2023. However, by December 2024, the ratio spiked to 3.17, indicating a notable rise in financial leverage for the company. Overall, the trend suggests some variability in the company's capital structure and borrowing levels over the years, with a sharp increase in leverage seen in the most recent period.
Peer comparison
Dec 31, 2024