Gibraltar Industries Inc (ROCK)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,256,450 | 1,210,610 | 1,214,900 | 1,212,490 | 984,450 |
| Total stockholders’ equity | US$ in thousands | 914,998 | 822,099 | 825,258 | 743,805 | 673,964 |
| Financial leverage ratio | 1.37 | 1.47 | 1.47 | 1.63 | 1.46 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,256,450K ÷ $914,998K
= 1.37
The financial leverage ratio of Gibraltar Industries Inc. has shown some variation over the past five years. In 2023, the ratio stands at 1.37, which indicates a decrease from 1.47 in the previous year. This decline suggests that the company has reduced its reliance on debt to finance its operations and investments. Comparing to 2020 and 2021, where the ratio was 1.63 and 1.47 respectively, it can be observed that the company has effectively managed its debt levels. Additionally, the ratio in 2019 was 1.46, indicating relatively stable leverage. Overall, the decreasing trend in the financial leverage ratio demonstrates an improving financial position in terms of debt management for Gibraltar Industries Inc.
Peer comparison
Dec 31, 2023