NV5 Global Inc (NVEE)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,315,360 | 1,170,590 | 935,723 | 961,943 | 881,175 |
| Total stockholders’ equity | US$ in thousands | 833,014 | 775,795 | 694,240 | 624,720 | 394,069 |
| Financial leverage ratio | 1.58 | 1.51 | 1.35 | 1.54 | 2.24 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,315,360K ÷ $833,014K
= 1.58
The financial leverage ratio of NV5 Global Inc has witnessed a downward trend over the past five years, indicating a favorable trend in the company's capital structure. The ratio decreased from 2.24 in 2020 to 1.54 in 2021 and continued to decline to 1.35 in 2022. However, there was a slight uptick in 2023 to 1.51 before settling at 1.58 in 2024. This suggests that the company has been reducing its reliance on debt to finance its operations and investments, which can lead to lower financial risk and increased financial stability. Overall, the decreasing trend in the financial leverage ratio reflects a positive impact on NV5 Global Inc's long-term financial health.
Peer comparison
Dec 31, 2024