RBC Bearings Incorporated (RBC)
Financial leverage ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,678,600 | 4,694,200 | 4,691,700 | 4,697,400 | 4,690,400 | 4,692,880 | 4,727,060 | 4,758,020 | 4,845,400 | 4,875,050 | 2,567,800 | 1,490,600 | 1,434,260 | 1,408,980 | 1,367,880 | 1,349,210 | 1,321,910 | 1,272,520 | 1,246,560 | 1,191,930 |
| Total stockholders’ equity | US$ in thousands | 2,751,900 | 2,696,600 | 2,634,200 | 2,587,700 | 2,535,900 | 2,480,900 | 2,440,100 | 2,397,600 | 2,372,500 | 2,337,950 | 2,340,960 | 1,275,970 | 1,232,100 | 1,204,810 | 1,172,100 | 1,142,640 | 1,122,900 | 1,079,210 | 1,041,840 | 997,349 |
| Financial leverage ratio | 1.70 | 1.74 | 1.78 | 1.82 | 1.85 | 1.89 | 1.94 | 1.98 | 2.04 | 2.09 | 1.10 | 1.17 | 1.16 | 1.17 | 1.17 | 1.18 | 1.18 | 1.18 | 1.20 | 1.20 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,678,600K ÷ $2,751,900K
= 1.70
The financial leverage ratio for RBC Bearings Incorporated has fluctuated over the past eight quarters, ranging from 1.70 to 2.09. Generally, a financial leverage ratio above 1 indicates that the company relies more on debt financing than equity financing to fund its operations and investments.
From December 2021 to June 2022, the financial leverage ratio increased steadily, from 2.09 to 1.94, suggesting a decreasing reliance on debt. However, from September 2022 to March 2023, there was a sharp increase in the ratio, reaching 1.85, indicating a higher level of debt relative to equity.
Subsequently, there was a gradual increase in the financial leverage ratio from March 2023 to March 2024, suggesting a return to a higher reliance on debt financing. Overall, it is important for investors to monitor the financial leverage ratio to assess the company's risk exposure and ability to meet its financial obligations.
Peer comparison
Mar 31, 2024