Enpro Industries (NPO)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,491,500 | 2,499,500 | 2,647,800 | 2,968,700 | 2,083,600 |
| Total stockholders’ equity | US$ in thousands | 1,428,600 | 1,409,700 | 1,395,100 | 1,266,600 | 1,078,500 |
| Financial leverage ratio | 1.74 | 1.77 | 1.90 | 2.34 | 1.93 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,491,500K ÷ $1,428,600K
= 1.74
The financial leverage ratio of Enpro Industries has shown some fluctuations over the past five years. Starting at 1.93 in December 2020, the ratio increased to 2.34 by December 2021, indicating a higher level of financial leverage during that period. However, in the following years, the ratio declined, reaching 1.74 by December 2024. This downward trend suggests that the company may have reduced its reliance on debt financing relative to its equity, potentially indicating a stronger financial position or a shift in capital structure strategy. Overall, Enpro Industries' financial leverage ratio has shown variability but ended lower, which could imply improved financial stability or a change in debt management approach.