Service Corporation International (SCI)
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 | 16,355,400 | 15,683,100 | 15,678,600 | 15,343,900 | 15,066,000 | 14,491,500 | 14,702,000 | 15,457,100 | 15,691,200 | 15,370,200 | 15,344,400 | 14,788,300 | 14,515,400 | 13,787,100 | 13,487,900 | 12,715,300 | 13,677,400 | 13,316,300 | 13,360,300 | 13,079,100 |
| Total stockholders’ equity | US$ in thousands | 1,541,260 | 1,630,430 | 1,645,140 | 1,621,710 | 1,673,190 | 1,677,200 | 1,839,350 | 1,842,750 | 1,909,440 | 1,941,900 | 1,918,140 | 1,850,710 | 1,752,750 | 1,743,070 | 1,754,280 | 1,751,090 | 1,823,310 | 1,775,490 | 1,744,230 | 1,700,450 |
| Financial leverage ratio | 10.61 | 9.62 | 9.53 | 9.46 | 9.00 | 8.64 | 7.99 | 8.39 | 8.22 | 7.92 | 8.00 | 7.99 | 8.28 | 7.91 | 7.69 | 7.26 | 7.50 | 7.50 | 7.66 | 7.69 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,355,400K ÷ $1,541,260K
= 10.61
Service Corp. International's financial leverage ratio has gradually increased over the past eight quarters, indicating a growing level of debt relative to equity. The ratio has shown an upward trend, reaching 10.61 in Q4 2023 from 8.39 in Q1 2022. This suggests that the company has been relying more on debt to finance its operations and investments. The consistent rise in the financial leverage ratio may imply increased financial risk as higher debt levels typically lead to higher interest payments and reduced financial flexibility. Service Corp. International's management should carefully monitor and manage its debt levels to ensure they remain sustainable and in line with the company's overall financial health.
Peer comparison
Dec 31, 2023