Sally Beauty Holdings Inc (SBH)
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 | 2,731,390 | 2,725,250 | 2,675,400 | 2,675,110 | 2,668,550 | 2,576,870 | 2,685,870 | 2,743,000 | 2,855,940 | 2,847,130 | 2,778,180 | 2,909,570 | 2,999,650 | 2,895,150 | 3,198,090 | 2,921,170 | 2,675,060 | 2,098,450 | 2,072,270 | 2,092,610 |
| Total stockholders’ equity | US$ in thousands | 541,340 | 508,748 | 487,712 | 425,888 | 373,298 | 293,636 | 295,871 | 271,866 | 281,021 | 280,741 | 222,270 | 134,833 | 98,866 | 15,443 | -69,133 | -53,195 | 2,199 | -60,323 | -70,465 | -145,075 |
| Financial leverage ratio | 5.05 | 5.36 | 5.49 | 6.28 | 7.15 | 8.78 | 9.08 | 10.09 | 10.16 | 10.14 | 12.50 | 21.58 | 30.34 | 187.47 | — | — | 1,216.49 | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,731,390K ÷ $541,340K
= 5.05
The financial leverage ratio of Sally Beauty Holdings Inc has exhibited a decreasing trend over the past quarters. It stood at 10.09 in Q2 2022 and has gradually decreased to 5.05 in Q1 2024. This indicates an improvement in the company's ability to meet its financial obligations using debt. A lower financial leverage ratio suggests that the company relies less on debt financing, which can reduce financial risk. The declining trend in the financial leverage ratio could be a positive signal for investors, as it indicates a more conservative capital structure and a stronger financial position for Sally Beauty Holdings Inc.
Peer comparison
Dec 31, 2023