Repligen Corporation (RGEN)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,824,410 | 2,524,660 | 2,358,350 | 1,902,890 | 1,400,110 |
| Total stockholders’ equity | US$ in thousands | 1,971,200 | 1,910,700 | 1,750,070 | 1,529,150 | 1,059,770 |
| Financial leverage ratio | 1.43 | 1.32 | 1.35 | 1.24 | 1.32 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,824,410K ÷ $1,971,200K
= 1.43
The financial leverage ratio of Repligen Corp. has exhibited fluctuations over the past five years, ranging from 1.24 to 1.43. The ratio indicates how much debt a company has relative to its equity. A higher ratio suggests higher financial leverage, meaning the company relies more on debt to finance its operations and investments.
In 2023, Repligen Corp.'s financial leverage ratio increased to 1.43 from 1.32 in 2022, indicating a higher level of debt compared to equity. This could imply increased risk due to the higher reliance on borrowed funds. However, it may also indicate that the company is utilizing debt strategically to fund growth opportunities or investments.
In 2021, the ratio was 1.35, slightly lower than 2023, while in 2020 it was 1.24, the lowest among the five years analyzed. This suggests a reduced reliance on debt in 2020, which may have been a deliberate strategy to strengthen the balance sheet or reduce financial risk.
The consistency of the financial leverage ratio around the 1.32 level in 2022 and 2019 indicates a relatively stable debt-to-equity relationship during those years. Overall, fluctuations in the financial leverage ratio of Repligen Corp. reflect the company's financing decisions and its ability to manage financial risk effectively.
Peer comparison
Dec 31, 2023