Republic Services Inc (RSG)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 32,402,000 | 31,410,100 | 29,050,900 | 24,955,000 | 23,434,000 |
| Total stockholders’ equity | US$ in thousands | 11,405,000 | 10,542,300 | 9,686,000 | 8,978,900 | 8,483,900 |
| Financial leverage ratio | 2.84 | 2.98 | 3.00 | 2.78 | 2.76 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,402,000K ÷ $11,405,000K
= 2.84
The financial leverage ratio of Republic Services Inc has shown a slight increasing trend from 2020 to 2024, moving from 2.76 to 2.84. The ratio indicates that the company's level of financial leverage has been relatively stable, with the recent ratio of 2.84 suggesting that the company relies more on debt financing as compared to equity. This increase in the ratio from 2020 to 2024 may indicate a potential increase in the company's financial risk, as higher leverage ratios suggest a higher proportion of debt in the company's capital structure. However, it is important to note that the current ratio of 2.84 is still within a reasonable range and does not raise immediate concerns about the company's ability to meet its financial obligations.
Peer comparison
Dec 31, 2024