Sotera Health Co (SHC)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,130,420 | 3,036,570 | 3,074,870 | 3,414,170 | 3,117,700 | 2,810,630 | 2,839,680 | 2,835,770 | 2,789,500 | 2,742,740 | 2,851,130 | 2,777,000 |
| Total stockholders’ equity | US$ in thousands | 443,734 | 377,471 | 418,367 | 361,125 | 350,238 | 606,729 | 636,000 | 642,130 | 586,096 | 525,769 | 523,271 | 463,264 |
| Financial leverage ratio | 7.05 | 8.04 | 7.35 | 9.45 | 8.90 | 4.63 | 4.46 | 4.42 | 4.76 | 5.22 | 5.45 | 5.99 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,130,420K ÷ $443,734K
= 7.05
The financial leverage ratio of Sotera Health Co has shown fluctuations over the past eight quarters. The ratio ranged from 4.42 to 9.45 during this period. In Q1 and Q3 of 2023, the ratio was relatively high at 9.45 and 8.04, respectively, indicating a higher level of debt relative to equity in the company's capital structure. Conversely, in Q2 and Q4 of 2022, the ratio was lower at 4.46 and 4.42, respectively.
Overall, the trend in the financial leverage ratio suggests that Sotera Health Co has experienced varying levels of leverage in its capital structure. It is important for the company to closely monitor and manage its leverage to ensure a sustainable and healthy financial position. Further analysis and comparison with industry benchmarks can provide additional insights into the company's leverage position.
Peer comparison
Dec 31, 2023