Enpro Industries (NPO)

Financial leverage ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	2,499,500	2,501,300	2,633,100	2,671,500	2,647,800	2,694,600	2,814,700	2,912,800	2,974,600	2,152,700	2,126,800	2,080,500	2,083,600	2,024,000	2,055,400	2,041,600	2,035,100	2,069,700	1,725,300	1,747,100
Total stockholders’ equity	US$ in thousands	1,409,700	1,407,900	1,414,400	1,435,100	1,395,100	1,267,800	1,280,500	1,265,500	1,270,300	1,140,700	1,118,100	1,080,900	1,081,400	1,065,900	1,084,200	1,071,900	896,600	876,400	876,200	871,100
Financial leverage ratio		1.77	1.78	1.86	1.86	1.90	2.13	2.20	2.30	2.34	1.89	1.90	1.92	1.93	1.90	1.90	1.90	2.27	2.36	1.97	2.01

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,499,500K ÷ $1,409,700K
= 1.77

The financial leverage ratio of Enpro Inc has exhibited a decreasing trend over the past two years, indicating a reduction in the company's reliance on debt to finance its operations. In Q4 2022, the ratio was at its highest point of 2.31, but since then it has steadily decreased, reaching 1.77 in Q4 2023. This decline suggests that Enpro Inc has been effectively managing its debt levels and improving its financial stability. Overall, the decreasing trend in the financial leverage ratio is a positive indicator of the company's financial health and risk management practices.