Rollins Inc (ROL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,595,460 | 2,639,960 | 2,599,330 | 2,138,890 | 2,122,030 | 2,112,480 | 2,167,480 | 2,131,140 | 2,021,540 | 1,904,810 | 1,921,690 | 1,876,880 | 1,845,900 | 1,806,070 | 1,836,380 | 1,771,480 | 1,744,380 | 1,764,790 | 1,729,780 | 1,272,070 |
| Total stockholders’ equity | US$ in thousands | 1,155,570 | 1,102,840 | 1,342,220 | 1,287,750 | 1,267,200 | 1,229,680 | 1,177,380 | 1,138,020 | 1,111,220 | 1,101,630 | 1,050,680 | 988,935 | 964,651 | 932,716 | 862,830 | 800,371 | 833,109 | 806,897 | 752,264 | 719,124 |
| Financial leverage ratio | 2.25 | 2.39 | 1.94 | 1.66 | 1.67 | 1.72 | 1.84 | 1.87 | 1.82 | 1.73 | 1.83 | 1.90 | 1.91 | 1.94 | 2.13 | 2.21 | 2.09 | 2.19 | 2.30 | 1.77 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,595,460K ÷ $1,155,570K
= 2.25
The financial leverage ratio of Rollins, Inc. has exhibited some fluctuation over the past eight quarters. In Q4 2023, the ratio stood at 2.25, indicating that the company's level of debt relative to its equity was relatively high. This was a slight improvement from Q3 2023 when the ratio was higher at 2.39.
Looking back, in Q2 2023, the financial leverage ratio was 1.94, which was lower than the recent quarters, suggesting a lower reliance on debt to finance operations. Q1 2023 also showed a relatively lower ratio of 1.66, indicating a conservative capital structure approach.
Comparing the recent figures to the same quarter the previous year, in Q4 2022, the financial leverage ratio was 1.67, which was slightly lower than in the latest quarter. It is evident that there has been an upward trend in the company's leverage ratio over the past year, with Q3 2022 and Q2 2022 at 1.77 and 1.89, respectively, before stabilizing around Q1 2022 at 1.92.
Overall, the financial leverage ratio of Rollins, Inc. has shown variability but generally indicates a moderate level of leverage in its capital structure, with some quarters reflecting higher leverage than others. Investors and stakeholders may need to closely monitor these trends to assess the company's risk and financial health.
Peer comparison
Dec 31, 2023