Pitney Bowes Inc (PBI)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,272,180 | 4,741,360 | 4,958,870 | 5,224,360 | 5,469,960 |
| Total stockholders’ equity | US$ in thousands | -368,576 | 60,653 | 112,632 | 70,621 | 289,154 |
| Financial leverage ratio | — | 78.17 | 44.03 | 73.98 | 18.92 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,272,180K ÷ $-368,576K
= —
The financial leverage ratio for Pitney Bowes, Inc. has shown some fluctuation over the past five years. In 2019, the ratio was relatively low at 19.11, indicating that the company had a lower level of debt relative to its equity. However, in 2020, the ratio increased significantly to 78.62, suggesting a higher level of financial leverage, potentially due to increased debt or decreased equity.
In 2021, there was a decrease in the financial leverage ratio to 44.03, indicating that the company may have taken steps to reduce its debt levels or increase its equity. The ratio then increased again in 2022 to 78.17, which suggests a return to higher financial leverage. Unfortunately, the data for 2023 is missing, so it is difficult to provide a complete trend analysis.
Overall, the fluctuations in Pitney Bowes, Inc.'s financial leverage ratio over the past five years indicate varying levels of debt usage and equity in the company's capital structure. Further analysis and comparison with industry benchmarks would be necessary to assess the implications of these changes on the company's financial health and risk profile.