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

Company name
Symbol
Financial leverage ratio
Republic Services Inc
RSG
2.98
Waste Management Inc
WM
4.75