Parsons Corp (PSN)

Financial leverage ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total assets US$ in thousands 5,487,960 4,804,060 4,198,140 3,830,940 3,937,700
Total stockholders’ equity US$ in thousands 2,416,390 2,287,210 2,043,570 1,900,770 1,813,770
Financial leverage ratio 2.27 2.10 2.05 2.02 2.17

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,487,960K ÷ $2,416,390K
= 2.27

The financial leverage ratio for Parsons Corp has shown fluctuations over the past five years. Starting at 2.17 in 2020, the ratio decreased to 2.02 in 2021 before slightly increasing to 2.05 in 2022. Subsequently, in 2023, the ratio further increased to 2.10. However, by the end of 2024, the ratio experienced a larger jump to 2.27. Overall, the trend indicates a slight variation in the company's financial leverage, with a notable increase in 2024.