Murphy USA Inc (MUSA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,541,600 | 4,340,100 | 4,123,200 | 4,048,200 | 2,685,700 |
| Total stockholders’ equity | US$ in thousands | 840,100 | 828,900 | 640,700 | 807,200 | 784,100 |
| Financial leverage ratio | 5.41 | 5.24 | 6.44 | 5.02 | 3.43 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,541,600K ÷ $840,100K
= 5.41
The financial leverage ratio of Murphy USA Inc has shown an increasing trend over the years, starting at 3.43 in December 31, 2020, and reaching 5.41 by December 31, 2024. This indicates that the company has been relying more on debt financing compared to equity to fund its operations and investments. The ratio peaked at 6.44 on December 31, 2022, suggesting a high level of leverage during that period. Investors and stakeholders may want to closely monitor the company's debt levels and repayment capabilities, as higher leverage can amplify risks during challenging economic conditions.
Peer comparison
Dec 31, 2024