Olin Corporation (OLN)
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 | 7,579,100 | 7,518,300 | 7,660,600 | 7,611,300 | 7,713,200 | 7,815,200 | 7,952,500 | 8,109,400 | 8,044,200 | 8,220,200 | 8,675,200 | 8,574,700 | 8,517,700 | 8,652,700 | 8,657,200 | 8,453,200 | 8,270,900 | 8,266,600 | 8,978,100 | 9,184,400 |
| Total stockholders’ equity | US$ in thousands | 2,055,400 | 2,056,700 | 2,136,100 | 2,172,000 | 2,232,400 | 2,327,500 | 2,432,000 | 2,492,800 | 2,543,600 | 2,549,700 | 2,696,100 | 2,785,900 | 2,652,200 | 2,387,900 | 2,074,700 | 1,696,600 | 1,452,300 | 1,469,100 | 2,188,900 | 2,289,100 |
| Financial leverage ratio | 3.69 | 3.66 | 3.59 | 3.50 | 3.46 | 3.36 | 3.27 | 3.25 | 3.16 | 3.22 | 3.22 | 3.08 | 3.21 | 3.62 | 4.17 | 4.98 | 5.70 | 5.63 | 4.10 | 4.01 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,579,100K ÷ $2,055,400K
= 3.69
The financial leverage ratio of Olin Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio started at 4.01 in March 2020, indicating that the company had a relatively higher level of debt compared to its equity.
The ratio increased to 5.70 by December 31, 2020, suggesting a significant rise in financial leverage, indicating a higher reliance on debt to finance operations. However, the ratio decreased to 3.21 by December 31, 2021, indicating a reduction in financial risk due to a decrease in debt relative to equity.
From March 31, 2022, to June 30, 2024, the financial leverage ratio ranged between 3.08 and 3.69. This indicates that Olin Corporation maintained a moderate level of financial leverage during this period.
Overall, the downward trend observed from December 31, 2021, to December 31, 2024, suggests that Olin Corporation has been progressively reducing its reliance on debt financing and improving its financial stability by enhancing equity contributions.
Peer comparison
Dec 31, 2024