Proto Labs Inc (PRLB)
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 | 743,512 | 753,786 | 758,206 | 769,803 | 795,632 | 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 |
| Total stockholders’ equity | US$ in thousands | 743,512 | 679,993 | 685,236 | 687,310 | 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 |
| Financial leverage ratio | 1.00 | 1.11 | 1.11 | 1.12 | 1.14 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $743,512K ÷ $743,512K
= 1.00
Proto Labs Inc's financial leverage ratio has exhibited fluctuations over the period covered. The ratio, which measures the extent to which the company relies on debt financing versus equity financing, started at 1.15 as of March 31, 2020, and showed some minor variations until reaching a low of 1.00 as of December 31, 2024. This suggests that the company's reliance on debt decreased significantly by the end of the period compared to the beginning. However, it's important to note that a financial leverage ratio of 1.00 signifies a balanced mix of debt and equity financing.
The trend of decreasing leverage over time could indicate a shift towards a more conservative financial structure, potentially reducing financial risk and increasing stability. It may also imply that the company is utilizing more equity financing or paying down its debt, which could be seen as positive signals by investors and creditors. However, further analysis incorporating other financial metrics and factors would be necessary to fully understand the implications of this trend on the company's overall financial health and performance.
Peer comparison
Dec 31, 2024