Polaris Industries Inc (PII)
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 | 5,525,200 | 5,629,700 | 5,708,900 | 5,567,400 | 5,516,300 | 5,733,000 | 5,469,600 | 5,289,900 | 5,217,900 | 5,093,400 | 5,238,900 | 5,128,900 | 5,047,800 | 4,870,300 | 4,525,200 | 4,513,700 | 4,632,700 | 4,783,600 | 4,312,700 | 4,763,900 |
| Total stockholders’ equity | US$ in thousands | 1,289,900 | 1,341,500 | 1,338,100 | 1,378,100 | 1,418,400 | 1,332,700 | 1,246,500 | 1,152,100 | 1,099,000 | 1,016,900 | 1,071,400 | 1,118,600 | 1,224,300 | 1,211,800 | 1,120,600 | 1,059,400 | 1,144,500 | 947,500 | 753,000 | 1,001,600 |
| Financial leverage ratio | 4.28 | 4.20 | 4.27 | 4.04 | 3.89 | 4.30 | 4.39 | 4.59 | 4.75 | 5.01 | 4.89 | 4.59 | 4.12 | 4.02 | 4.04 | 4.26 | 4.05 | 5.05 | 5.73 | 4.76 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,525,200K ÷ $1,289,900K
= 4.28
The financial leverage ratio of Polaris Industries Inc has fluctuated over the periods presented. The ratio shows the company's level of debt relative to its equity. Looking at the trend from March 31, 2020, to December 31, 2024, we can observe that the ratio varied between a low of 3.89 and a high of 5.73.
The trend indicates that Polaris Industries Inc has experienced changes in its capital structure over time, with periods of higher and lower financial leverage. A higher leverage ratio suggests the company has been using more debt to finance its operations, while a lower ratio indicates a more conservative approach with less reliance on debt.
Overall, the financial leverage ratio of Polaris Industries Inc has displayed fluctuations, and it would be essential for stakeholders to monitor this ratio closely to assess the company's risk profile and financial stability.