Revvity Inc. (RVTY)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	13,564,700	14,129,900	15,000,600	7,960,320	6,538,560
Total stockholders’ equity	US$ in thousands	7,872,740	7,382,880	7,141,240	3,735,490	2,813,820
Financial leverage ratio		1.72	1.91	2.10	2.13	2.32

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,564,700K ÷ $7,872,740K
= 1.72

The financial leverage ratio of Revvity Inc. has shown a decreasing trend over the past five years. From 2.32 in 2019, it has steadily declined to 1.72 at the end of 2023. This indicates that the company has been relying less on debt to finance its operations and growth. A lower financial leverage ratio suggests a stronger equity position and lower financial risk. The decreasing trend in the ratio may indicate that the company is becoming more financially stable and less reliant on external sources of funding. Further analysis of the company's financial statements and industry benchmarks would provide more insights into the effectiveness of Revvity Inc.'s capital structure management.