MSA Safety (MSA)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,170,150 | 2,376,980 | 2,396,400 | 1,919,630 | 1,781,800 |
| Total stockholders’ equity | US$ in thousands | 966,802 | 923,741 | 834,388 | 839,201 | 725,800 |
| Financial leverage ratio | 2.24 | 2.57 | 2.87 | 2.29 | 2.45 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,170,150K ÷ $966,802K
= 2.24
The financial leverage ratio of MSA Safety Inc has seen fluctuations over the past five years. The ratio decreased from 2.40 in 2019 to 2.34 in 2020, indicating a reduction in financial leverage. However, from 2020 to 2021, there was a significant increase in the ratio to 2.87, signifying higher financial leverage. In 2022, the ratio decreased to 2.57 but remained relatively high compared to the 2020 level. By the end of 2023, the financial leverage ratio further decreased to 2.24, suggesting a lower level of financial leverage compared to the previous year. Overall, the trend in the financial leverage ratio of MSA Safety Inc indicates fluctuations in the company's debt levels and financial risk over the past five years.
Peer comparison
Dec 31, 2023