Owens & Minor Inc (OMI)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,656,160 | 5,093,320 | 5,386,280 | 3,536,550 | 3,335,640 |
| Total stockholders’ equity | US$ in thousands | 565,226 | 924,166 | 945,604 | 938,501 | 712,054 |
| Financial leverage ratio | 8.24 | 5.51 | 5.70 | 3.77 | 4.68 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,656,160K ÷ $565,226K
= 8.24
Owens & Minor Inc's financial leverage ratio has fluctuated over the past five years. In December 2020, the ratio stood at 4.68, indicating that the company had a relatively high level of financial leverage. By December 2021, the ratio decreased to 3.77, suggesting a reduction in the company's reliance on debt to finance its operations.
However, the financial leverage ratio increased significantly to 5.70 by December 2022, and slightly decreased to 5.51 by December 2023, signaling a higher level of debt in the company's capital structure. By December 2024, the ratio surged to 8.24, indicating a substantial increase in financial leverage.
Overall, the trend in Owens & Minor Inc's financial leverage ratio shows variability in the company's leverage levels over the years, with a notable increase in leverage observed towards the latter years of the period. It is essential for investors and stakeholders to monitor these changes to assess the company's risk exposure and financial stability.
Peer comparison
Dec 31, 2024