Nu Skin Enterprises Inc (NUS)
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 | 1,806,460 | 1,793,090 | 1,893,780 | 1,824,640 | 1,820,970 | 1,763,170 | 1,900,900 | 1,892,250 | 1,906,480 | 1,974,410 | 2,049,980 | 1,950,100 | 1,957,080 | 1,816,710 | 1,794,490 | 1,746,320 | 1,769,010 | 1,736,900 | 1,791,100 | 1,755,100 |
| Total stockholders’ equity | US$ in thousands | 821,968 | 822,187 | 895,345 | 892,970 | 897,296 | 841,934 | 941,035 | 934,200 | 912,772 | 936,477 | 917,826 | 871,474 | 894,271 | 827,473 | 792,012 | 800,498 | 875,289 | 845,800 | 834,950 | 811,195 |
| Financial leverage ratio | 2.20 | 2.18 | 2.12 | 2.04 | 2.03 | 2.09 | 2.02 | 2.03 | 2.09 | 2.11 | 2.23 | 2.24 | 2.19 | 2.20 | 2.27 | 2.18 | 2.02 | 2.05 | 2.15 | 2.16 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,806,460K ÷ $821,968K
= 2.20
The financial leverage ratio of Nu Skin Enterprises, Inc. has been relatively stable over the last eight quarters, ranging from 2.02 to 2.20. This ratio indicates that the company relies on debt financing to a significant extent to fund its assets and operations, with a higher ratio implying higher financial leverage.
The trend shows a slight increase in the ratio from Q1 2022 to Q4 2023, peaking at 2.20 in the most recent quarter. This increase suggests that the company may have taken on more debt relative to its equity over the period, potentially to finance growth opportunities or other strategic initiatives.
Overall, Nu Skin Enterprises, Inc. appears to have a consistent level of financial leverage, but investors and stakeholders should continue to monitor how the company manages its debt levels to ensure sustainable financial health and growth prospects.
Peer comparison
Dec 31, 2023