Owens & Minor Inc (OMI)
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 | 5,093,320 | 5,124,060 | 5,288,000 | 5,310,200 | 5,386,280 | 5,538,580 | 5,555,280 | 5,707,970 | 3,536,550 | 3,584,120 | 3,591,830 | 3,390,820 | 3,335,640 | 3,297,120 | 3,137,790 | 3,714,870 | 3,643,080 | 3,688,420 | 3,896,070 | 3,882,360 |
| Total stockholders’ equity | US$ in thousands | 924,166 | 886,860 | 896,229 | 924,400 | 945,604 | 966,837 | 958,659 | 947,622 | 938,501 | 887,005 | 848,019 | 786,261 | 712,054 | 451,335 | 395,162 | 416,338 | 462,154 | 491,278 | 496,901 | 501,839 |
| Financial leverage ratio | 5.51 | 5.78 | 5.90 | 5.74 | 5.70 | 5.73 | 5.79 | 6.02 | 3.77 | 4.04 | 4.24 | 4.31 | 4.68 | 7.31 | 7.94 | 8.92 | 7.88 | 7.51 | 7.84 | 7.74 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,093,320K ÷ $924,166K
= 5.51
Owens & Minor, Inc.'s financial leverage ratio has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 5.51 in Q4 2023 to a high of 6.02 in Q1 2022. A higher financial leverage ratio indicates that the company is using more debt to finance its operations, which can magnify returns but also increase risks.
The trend indicates that the company's financial leverage ratio has generally been on the higher side, with the highest ratio seen in Q1 2022. However, it seems to have decreased in recent quarters, with a slight decline from Q1 2022 to the most recent data point in Q4 2023.
Overall, the company's current financial leverage ratio of 5.51 suggests that Owens & Minor, Inc. relies heavily on debt to fund its business activities. Investors and stakeholders should closely monitor the trend in this ratio to assess the company's risk exposure and financial stability.
Peer comparison
Dec 31, 2023