Republic Services Inc (RSG)
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 | 31,410,100 | 30,042,800 | 29,823,300 | 29,081,400 | 29,052,900 | 28,401,000 | 28,212,700 | 24,880,100 | 24,955,000 | 24,428,900 | 23,922,100 | 23,252,100 | 23,434,000 | 23,110,100 | 22,826,300 | 22,908,900 | 22,683,800 | 22,329,100 | 21,996,800 | 21,782,000 |
| Total stockholders’ equity | US$ in thousands | 10,542,300 | 10,331,300 | 10,203,700 | 9,916,500 | 9,686,000 | 9,489,900 | 9,215,400 | 8,984,000 | 8,978,900 | 8,873,300 | 8,778,300 | 8,632,900 | 8,483,900 | 8,370,100 | 8,227,100 | 8,117,200 | 8,118,200 | 7,976,500 | 7,952,900 | 7,919,500 |
| Financial leverage ratio | 2.98 | 2.91 | 2.92 | 2.93 | 3.00 | 2.99 | 3.06 | 2.77 | 2.78 | 2.75 | 2.73 | 2.69 | 2.76 | 2.76 | 2.77 | 2.82 | 2.79 | 2.80 | 2.77 | 2.75 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $31,410,100K ÷ $10,542,300K
= 2.98
Republic Services, Inc.'s financial leverage ratio has been relatively stable over the past eight quarters, ranging from 2.77 to 3.06. The ratio measures the company's use of debt to finance its operations and indicates that, on average, the company has been relying on debt to fund about 2.9 times its equity.
A financial leverage ratio of around 3 suggests that Republic Services, Inc. has a moderate level of financial leverage. This indicates a balanced approach to financing operations, as the company has not been overly reliant on debt. Overall, the consistent ratio over the periods indicates that the company's capital structure has remained relatively steady in terms of debt usage.
It is important for investors and stakeholders to monitor this ratio over time to ensure that the company's debt levels remain sustainable and in line with its overall financial strategy.
Peer comparison
Dec 31, 2023