Omnicom Group Inc (OMC)
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 | 28,044,600 | 25,010,800 | 25,067,600 | 25,237,600 | 27,002,500 | 24,132,200 | 24,905,500 | 26,145,700 | 28,421,800 | 25,580,800 | 25,654,400 | 25,614,300 | 27,647,200 | 23,779,500 | 22,641,100 | 23,675,900 | 26,783,400 | 23,653,500 | 25,042,100 | 25,211,200 |
| Total stockholders’ equity | US$ in thousands | 3,616,300 | 3,228,800 | 3,153,500 | 3,116,600 | 3,252,100 | 2,746,700 | 2,833,200 | 2,999,700 | 3,270,200 | 3,279,000 | 3,348,800 | 3,211,200 | 3,084,400 | 2,638,800 | 2,413,000 | 2,447,600 | 2,853,900 | 2,464,100 | 2,410,200 | 2,413,300 |
| Financial leverage ratio | 7.76 | 7.75 | 7.95 | 8.10 | 8.30 | 8.79 | 8.79 | 8.72 | 8.69 | 7.80 | 7.66 | 7.98 | 8.96 | 9.01 | 9.38 | 9.67 | 9.38 | 9.60 | 10.39 | 10.45 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $28,044,600K ÷ $3,616,300K
= 7.76
The financial leverage ratio of Omnicom Group, Inc. has shown some fluctuations over the past eight quarters. The ratio ranged from 7.76 to 8.30 in 2023 and from 8.72 to 8.79 in 2022. The trend indicates that the company's reliance on debt to finance its operations has varied slightly over time. A higher financial leverage ratio suggests a higher degree of financial risk, as it indicates a greater proportion of debt in the company's capital structure. It would be prudent for stakeholders to monitor this ratio closely to assess the company's ability to meet its debt obligations and to manage its financial risk effectively.
Peer comparison
Dec 31, 2023