Omnicell Inc (OMCL)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,226,880 | 2,210,760 | 2,142,500 | 1,824,500 | 1,240,810 |
| Total stockholders’ equity | US$ in thousands | 1,188,950 | 1,130,140 | 1,146,690 | 967,503 | 845,254 |
| Financial leverage ratio | 1.87 | 1.96 | 1.87 | 1.89 | 1.47 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,226,880K ÷ $1,188,950K
= 1.87
The financial leverage ratio of Omnicell, Inc. has shown some variability over the past five years. In 2019, the ratio was at 1.47, indicating a lower level of financial leverage. However, from 2020 to 2022, the ratio increased, reaching a peak of 1.96 in 2022, suggesting higher financial leverage during this period.
In 2023, the financial leverage ratio decreased slightly to 1.87, which is closer to the levels seen in 2021. This indicates that Omnicell slightly reduced its financial leverage compared to the previous year.
Overall, the trend in Omnicell's financial leverage ratio shows fluctuations over the years, with the company experiencing varying levels of financial leverage in its capital structure. It is essential for investors and stakeholders to monitor changes in the financial leverage ratio to assess the company's risk profile and ability to meet its financial obligations.
Peer comparison
Dec 31, 2023