Proto Labs Inc (PRLB)
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 | 772,353 | 784,245 | 777,210 | 791,373 | 802,168 | 906,938 | 918,649 | 934,751 | 928,582 | 930,311 | 949,290 | 934,448 | 744,204 | 726,126 | 698,445 | 678,090 | 673,667 | 654,899 | 645,527 | 618,596 |
| Total stockholders’ equity | US$ in thousands | 695,295 | 684,922 | 682,685 | 683,137 | 697,648 | 810,846 | 820,698 | 832,035 | 828,493 | 824,621 | 831,977 | 813,431 | 644,356 | 625,821 | 601,249 | 587,740 | 585,790 | 564,097 | 558,113 | 542,795 |
| Financial leverage ratio | 1.11 | 1.15 | 1.14 | 1.16 | 1.15 | 1.12 | 1.12 | 1.12 | 1.12 | 1.13 | 1.14 | 1.15 | 1.15 | 1.16 | 1.16 | 1.15 | 1.15 | 1.16 | 1.16 | 1.14 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $772,353K ÷ $695,295K
= 1.11
The financial leverage ratio of Proto Labs Inc has shown some fluctuations over the past 8 quarters, ranging from 1.11 to 1.16. This ratio indicates the level of debt financing used by the company relative to its equity. A higher financial leverage ratio suggests that the company relies more on debt to finance its operations, which can magnify returns but also increase financial risk.
Proto Labs Inc's financial leverage ratio has generally been around 1.12 to 1.15, indicating a moderate level of leverage. The slight variations in the ratio over the quarters could be due to changes in the company's capital structure, such as taking on more debt or issuing additional equity.
It is important for investors and stakeholders to monitor Proto Labs Inc's financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively. A stable and optimal leverage ratio is crucial for maintaining financial health and sustainable growth in the long term.
Peer comparison
Dec 31, 2023