Repligen Corporation (RGEN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,829,670 | 2,824,410 | 2,524,660 | 2,358,350 | 1,902,890 |
| Total stockholders’ equity | US$ in thousands | 1,972,720 | 1,971,200 | 397,272 | 1,750,070 | 65,769 |
| Financial leverage ratio | 1.43 | 1.43 | 6.35 | 1.35 | 28.93 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,829,670K ÷ $1,972,720K
= 1.43
The financial leverage ratio of Repligen Corporation has fluctuated significantly over the years. At the end of December 31, 2020, the ratio was 28.93, indicating high financial leverage relative to equity. However, by the end of December 31, 2021, the ratio sharply decreased to 1.35, suggesting a significant reduction in the company's reliance on debt to finance its operations.
Subsequently, by December 31, 2022, the financial leverage ratio increased to 6.35, reflecting an increase in debt utilization compared to the previous year. However, in the following years, specifically December 31, 2023, and December 31, 2024, the ratio stabilized at 1.43, indicating a more balanced proportion of debt to equity in the company's capital structure.
The trend in Repligen Corporation's financial leverage ratio suggests that the company has actively managed its debt levels, achieving a lower reliance on debt financing after a period of high leverage. This may indicate a strategic shift towards a more conservative financial structure, potentially reducing the firm's overall financial risk.
Peer comparison
Dec 31, 2024