NV5 Global Inc (NVEE)
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 | 1,315,360 | 1,293,200 | 1,234,380 | 1,211,960 | 1,241,200 | 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 |
| Total stockholders’ equity | US$ in thousands | 833,014 | 823,001 | 802,599 | 783,280 | 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 |
| Financial leverage ratio | 1.58 | 1.57 | 1.54 | 1.55 | 1.60 | 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 |
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 shown a declining trend from 2.45 as of March 31, 2020, to 1.58 as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations has decreased over the years. A lower financial leverage ratio signifies a reduced financial risk for the company as it indicates a lower proportion of debt in its capital structure compared to equity. This trend suggests that NV5 Global Inc has been managing its debt levels effectively, potentially improving its financial stability and ability to weather economic uncertainties. It is important for investors and stakeholders to monitor this ratio to assess the company's risk profile and financial health.
Peer comparison
Dec 31, 2024