Resideo Technologies Inc (REZI)
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 | 8,199,000 | 8,135,000 | 7,984,000 | 6,520,000 | 6,645,000 | 6,459,000 | 6,536,000 | 6,399,000 | 6,387,000 | 6,262,000 | 6,316,000 | 6,245,000 | 5,853,000 | 5,834,000 | 5,712,000 | 5,576,000 | 5,610,000 | 5,269,000 | 5,166,000 | 5,287,000 |
| Total stockholders’ equity | US$ in thousands | 3,309,000 | 3,354,000 | 3,294,000 | 2,769,000 | 2,749,000 | 2,645,000 | 2,677,000 | 2,604,000 | 2,529,000 | 2,400,000 | 2,394,000 | 2,361,000 | 2,252,000 | 2,158,000 | 2,103,000 | 2,032,000 | 1,993,000 | 1,605,000 | 1,495,000 | 1,521,000 |
| Financial leverage ratio | 2.48 | 2.43 | 2.42 | 2.35 | 2.42 | 2.44 | 2.44 | 2.46 | 2.53 | 2.61 | 2.64 | 2.65 | 2.60 | 2.70 | 2.72 | 2.74 | 2.81 | 3.28 | 3.46 | 3.48 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,199,000K ÷ $3,309,000K
= 2.48
The financial leverage ratio of Resideo Technologies Inc has shown a declining trend from March 31, 2020, with a value of 3.48, to December 31, 2024, where the ratio stands at 2.48. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and investments over the years. Lower values of financial leverage ratio suggest that the company is using less debt relative to its equity, which may indicate a stronger financial position and reduced risk of financial distress. The decreasing trend in the financial leverage ratio reflects a potential improvement in the company's balance sheet structure and overall financial health.