Ingevity Corp (NGVT)
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 | 2,022,600 | 2,211,600 | 2,276,200 | 2,566,900 | 2,623,300 | 2,766,800 | 2,828,300 | 2,772,200 | 2,736,500 | 2,335,400 | 2,366,000 | 2,455,800 | 2,469,000 | 2,426,200 | 2,389,000 | 2,342,500 | 2,334,500 | 2,258,200 | 2,195,500 | 2,353,300 |
| Total stockholders’ equity | US$ in thousands | 195,200 | 214,500 | 284,800 | 568,200 | 631,400 | 718,700 | 714,100 | 725,700 | 698,300 | 633,900 | 654,300 | 686,100 | 673,800 | 644,500 | 688,500 | 661,100 | 642,100 | 617,000 | 522,900 | 502,100 |
| Financial leverage ratio | 10.36 | 10.31 | 7.99 | 4.52 | 4.15 | 3.85 | 3.96 | 3.82 | 3.92 | 3.68 | 3.62 | 3.58 | 3.66 | 3.76 | 3.47 | 3.54 | 3.64 | 3.66 | 4.20 | 4.69 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,022,600K ÷ $195,200K
= 10.36
The financial leverage ratio of Ingevity Corp has shown fluctuations over the period under review, ranging from 3.47 to 10.36.
From March 31, 2020, to June 30, 2022, the ratio generally remained stable between 3.47 and 4.69. There was a slight decline in leverage from September 30, 2022, to March 31, 2023, reaching a low of 3.58.
However, from June 30, 2023, to December 31, 2024, the financial leverage ratio increased significantly. The ratio surged to 10.36 by the end of December 31, 2024, indicating a substantial increase in the company's debt relative to its equity.
This substantial increase in leverage from June 30, 2024, to December 31, 2024, might signal a significant shift in the company's capital structure, potentially raising concerns regarding its ability to meet its debt obligations and potential impact on financial stability. It would be essential for stakeholders to closely monitor the company's leverage levels and assess the associated risks.
Peer comparison
Dec 31, 2024