Robert Half International Inc (RHI)
Financial leverage ratio
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 | Mar 31, 2019 | ||
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Total assets | US$ in thousands | 3,010,790 | 3,021,050 | 3,067,640 | 2,912,130 | 2,964,490 | 2,910,580 | 2,933,840 | 2,950,770 | 2,952,360 | 2,931,720 | 2,741,370 | 2,565,170 | 2,557,420 | 2,563,090 | 2,402,380 | 2,274,850 | 2,311,410 | 2,311,570 | 2,239,420 | 2,204,610 |
Total stockholders’ equity | US$ in thousands | 1,588,350 | 1,579,970 | 1,625,270 | 1,598,480 | 1,568,560 | 1,490,920 | 1,467,670 | 1,452,770 | 1,381,050 | 1,316,040 | 1,259,250 | 1,197,700 | 1,205,290 | 1,194,030 | 1,156,710 | 1,129,920 | 1,143,680 | 1,111,830 | 1,109,230 | 1,077,030 |
Financial leverage ratio | 1.90 | 1.91 | 1.89 | 1.82 | 1.89 | 1.95 | 2.00 | 2.03 | 2.14 | 2.23 | 2.18 | 2.14 | 2.12 | 2.15 | 2.08 | 2.01 | 2.02 | 2.08 | 2.02 | 2.05 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,010,790K ÷ $1,588,350K
= 1.90
The financial leverage ratio of Robert Half Inc has been relatively stable over the past eight quarters, ranging from 1.82 to 2.03. The ratio indicates the company's level of debt relative to its equity, with a higher ratio suggesting higher financial risk due to increased reliance on debt financing.
The company's financial leverage ratio fluctuated within a narrow range, peaking at 2.03 in Q1 2022 and reaching its lowest point at 1.82 in Q1 2023. This indicates that the company has been managing its debt levels effectively, with a moderate level of leverage compared to its equity.
Overall, the trend in Robert Half Inc's financial leverage ratio suggests a balanced approach to capital structure management, with a consistent level of debt relative to equity over the past two years. Investors and stakeholders may find this stability reassuring, as it indicates a prudent approach to managing financial risk and leveraging opportunities for growth.
Peer comparison
Dec 31, 2023