Owens & Minor Inc (OMI)

Financial leverage ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total assets US$ in thousands 5,093,320 5,386,280 3,536,550 3,335,640 3,643,080
Total stockholders’ equity US$ in thousands 924,166 945,604 938,501 712,054 462,154
Financial leverage ratio 5.51 5.70 3.77 4.68 7.88

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,093,320K ÷ $924,166K
= 5.51

The financial leverage ratio of Owens & Minor, Inc. has shown fluctuating trends over the past five years, ranging from 3.77 to 7.88. A higher financial leverage ratio indicates a higher degree of financial leverage or debt utilization by the company to finance its operations and growth.

In 2023, the financial leverage ratio decreased to 5.51 from 5.70 in 2022, suggesting a slight improvement in the company's leverage position. Despite this improvement, the ratio remains relatively high, indicating a substantial reliance on debt financing.

Comparing the current ratio to previous years, it is evident that Owens & Minor, Inc. has historically operated with a high level of leverage, which can potentially amplify returns but also increase financial risk. Investors and stakeholders should closely monitor the company's debt levels and repayment capabilities to assess its financial health and sustainability in the long term.


Peer comparison

Dec 31, 2023

Company name
Symbol
Financial leverage ratio
Owens & Minor Inc
OMI
5.51
Henry Schein Inc
HSIC
2.89
Patterson Companies Inc
PDCO
2.89