Enpro Industries (NPO)
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 | 2,491,500 | 2,533,800 | 2,521,900 | 2,527,800 | 2,499,500 | 2,501,300 | 2,633,100 | 2,671,500 | 2,647,800 | 2,694,600 | 2,814,700 | 2,912,800 | 2,968,700 | 2,152,700 | 2,126,800 | 2,080,500 | 2,083,600 | 2,024,000 | 2,055,400 | 2,041,600 |
| Total stockholders’ equity | US$ in thousands | 1,428,600 | 1,457,900 | 1,430,400 | 1,413,900 | 1,409,700 | 1,407,900 | 1,414,400 | 1,435,100 | 1,395,100 | 1,267,800 | 1,275,000 | 1,261,300 | 1,266,600 | 1,140,700 | 1,118,100 | 1,080,900 | 1,078,500 | 1,065,900 | 1,084,200 | 1,071,900 |
| Financial leverage ratio | 1.74 | 1.74 | 1.76 | 1.79 | 1.77 | 1.78 | 1.86 | 1.86 | 1.90 | 2.13 | 2.21 | 2.31 | 2.34 | 1.89 | 1.90 | 1.92 | 1.93 | 1.90 | 1.90 | 1.90 |
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 exhibited some fluctuations over the observed periods. The ratio remained relatively stable around 1.90 from March 2020 to June 2021, indicating a moderate level of financial leverage. However, there was a slight increase to 1.93 by December 2021, suggesting a slight boost in the company's debt relative to its equity.
Subsequently, there was a notable spike in the financial leverage ratio to 2.34 by December 2021, followed by a gradual decline to 1.74 by December 2024. This significant increase and subsequent decrease in the ratio may indicate changes in the company's capital structure, possibly reflecting increased borrowing followed by a deleveraging process.
Overall, the financial leverage ratio of Enpro Industries displayed variability over the analyzed periods, signaling shifts in the company's debt levels relative to its equity. It would be essential for stakeholders to monitor this ratio closely to assess the company's financial risk and capital structure decisions.