Patrick Industries Inc (PATK)
Financial leverage ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total assets | US$ in thousands | 3,020,950 | 3,122,950 | 3,003,870 | 3,032,880 | 2,674,230 | 2,655,940 | 2,707,030 | 2,816,830 | 2,782,470 | 2,896,650 | 3,024,830 | 2,971,380 | 2,650,730 | 2,358,460 | 2,224,710 | 1,834,880 | 1,753,440 | 1,574,940 | 1,492,800 | 1,522,160 |
Total stockholders’ equity | US$ in thousands | 1,128,370 | 1,129,480 | 1,098,500 | 1,058,540 | 1,045,340 | 1,031,300 | 997,422 | 969,822 | 955,169 | 946,676 | 897,590 | 799,972 | 767,557 | 692,048 | 643,271 | 595,275 | 559,441 | 525,829 | 493,268 | 495,376 |
Financial leverage ratio | 2.68 | 2.76 | 2.73 | 2.87 | 2.56 | 2.58 | 2.71 | 2.90 | 2.91 | 3.06 | 3.37 | 3.71 | 3.45 | 3.41 | 3.46 | 3.08 | 3.13 | 3.00 | 3.03 | 3.07 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,020,950K ÷ $1,128,370K
= 2.68
The financial leverage ratio of Patrick Industries Inc has shown fluctuations over the period from March 31, 2020 to December 31, 2024. The ratio decreased from 3.07 in March 31, 2020 to 2.56 in December 31, 2023, indicating a decreasing trend in the company's leverage. However, there was a slight increase in the ratio to 2.68 by December 31, 2024.
The company's leverage ratio peaked at 3.71 on March 31, 2022, suggesting a higher level of financial leverage at that point. Subsequently, there was a decline in the ratio before a slight recovery by the end of the period.
Overall, the downward trend in the financial leverage ratio indicates that Patrick Industries Inc has been reducing its reliance on debt to finance its operations and investments. This could potentially signify improved financial stability and lower risk for the company in the long run.
Peer comparison
Dec 31, 2024