NXP Semiconductors NV (NXPI)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 24,353,000 | 23,236,000 | 20,864,000 | 19,847,000 | 20,016,000 |
| Total stockholders’ equity | US$ in thousands | 8,644,000 | 7,449,000 | 6,528,000 | 8,944,000 | 9,441,000 |
| Financial leverage ratio | 2.82 | 3.12 | 3.20 | 2.22 | 2.12 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $24,353,000K ÷ $8,644,000K
= 2.82
NXP Semiconductors NV's financial leverage ratio has shown some fluctuations over the past five years. The ratio was 2.12 in 2019, indicating that the company's assets were financed by 2.12 times the amount of its equity.
In 2020, the financial leverage ratio increased to 2.22, suggesting a slight increase in the company's leverage. This ratio further rose to 3.20 in 2021, which indicates a significant increase in the level of debt relative to equity used to finance the company's assets.
By the end of 2022, NXP Semiconductors NV's financial leverage ratio stood at 3.12, showing a slight decrease compared to the previous year. However, in 2023, the financial leverage ratio increased again to 2.82, indicating a reduction in leverage compared to the previous year.
Overall, the trend in NXP Semiconductors NV's financial leverage ratio indicates variability in the level of debt used to finance the company's assets relative to equity over the past five years. This suggests a degree of fluctuation in the company's capital structure and financial risk profile during this period.
Peer comparison
Dec 31, 2023