Omnicell Inc (OMCL)
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 | 2,226,880 | 2,221,580 | 2,193,870 | 2,250,840 | 2,210,760 | 2,179,680 | 2,131,460 | 2,122,590 | 2,142,500 | 2,051,470 | 1,960,990 | 1,886,620 | 1,824,500 | 1,719,280 | 1,222,450 | 1,231,650 | 1,240,810 | 1,244,270 | 1,196,980 | 1,177,060 |
| Total stockholders’ equity | US$ in thousands | 1,188,950 | 1,187,440 | 1,163,560 | 1,142,540 | 1,130,140 | 1,135,400 | 1,092,640 | 1,074,740 | 1,146,690 | 1,111,340 | 1,052,570 | 1,011,010 | 967,503 | 918,399 | 887,461 | 878,500 | 845,254 | 807,533 | 773,242 | 730,485 |
| Financial leverage ratio | 1.87 | 1.87 | 1.89 | 1.97 | 1.96 | 1.92 | 1.95 | 1.97 | 1.87 | 1.85 | 1.86 | 1.87 | 1.89 | 1.87 | 1.38 | 1.40 | 1.47 | 1.54 | 1.55 | 1.61 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,226,880K ÷ $1,188,950K
= 1.87
Omnicell, Inc.'s financial leverage ratio has exhibited some fluctuation over the past eight quarters. The ratio was relatively stable around 1.87 to 1.89 in the first three quarters of 2023. This suggests that the company has maintained a conservative level of debt relative to its equity during this period.
However, in Q1 2023, the financial leverage ratio increased to 1.97, which may indicate a higher level of debt compared to equity at that point in time. This could signal an increased risk for the company due to higher financial leverage.
Looking back at the previous quarters, in Q4 2022 and Q2 2022, the financial leverage ratio was relatively high at 1.96 and 1.95 respectively. This could imply that the company took on more debt relative to equity during those periods.
Overall, Omnicell, Inc.'s financial leverage ratio has shown some variability, suggesting the company has utilized different levels of debt to finance its operations and growth. It is important for stakeholders to monitor this ratio closely to assess the company's risk exposure and financial stability.
Peer comparison
Dec 31, 2023