NV5 Global Inc (NVEE)
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 | 1,170,590 | 1,205,960 | 1,167,830 | 1,089,870 | 935,723 | 962,139 | 946,960 | 959,853 | 961,943 | 960,884 | 933,403 | 896,331 | 881,175 | 883,324 | 897,115 | 891,418 | 893,137 | 625,693 | 504,447 | 476,697 |
| Total stockholders’ equity | US$ in thousands | 775,795 | 759,917 | 741,148 | 719,870 | 694,240 | 682,357 | 660,943 | 639,503 | 624,720 | 604,122 | 585,986 | 547,189 | 394,069 | 384,565 | 372,370 | 364,366 | 355,963 | 348,067 | 339,001 | 326,171 |
| Financial leverage ratio | 1.51 | 1.59 | 1.58 | 1.51 | 1.35 | 1.41 | 1.43 | 1.50 | 1.54 | 1.59 | 1.59 | 1.64 | 2.24 | 2.30 | 2.41 | 2.45 | 2.51 | 1.80 | 1.49 | 1.46 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,170,590K ÷ $775,795K
= 1.51
The financial leverage ratio of NV5 Global Inc has shown fluctuations over the past few quarters. The ratio indicates the extent to which the company relies on debt financing as opposed to equity to fund its operations and growth. A higher ratio suggests higher financial risk and reliance on debt.
From the data provided, we observe that the financial leverage ratio has generally been on an upward trend since March 2021, reaching a peak of 2.51 in March 2020. This indicates a significant increase in the company's reliance on debt to finance its operations during that period.
However, there was a slight decrease in the ratio in the most recent quarter, December 2023, suggesting a potential shift towards a lower reliance on debt. It is important for investors and stakeholders to closely monitor changes in the financial leverage ratio as it can impact the company's financial stability and risk profile.
Peer comparison
Dec 31, 2023