Scotts Miracle-Gro Company (SMG)
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 | 3,716,100 | 3,413,700 | 4,454,400 | 4,988,100 | 4,534,000 | 4,296,800 | 4,993,700 | 6,207,500 | 5,242,200 | 4,800,000 | 4,621,100 | 4,934,100 | 4,000,700 | 3,380,500 | 3,876,800 | 4,135,700 | 3,456,000 | 3,028,700 | 3,467,400 | 3,956,500 |
| Total stockholders’ equity | US$ in thousands | -385,400 | -267,300 | 134,800 | 137,500 | 59,500 | 147,700 | 418,100 | 975,000 | 831,600 | 1,013,300 | 1,122,400 | 940,900 | 672,600 | 697,200 | 998,500 | 789,700 | 624,600 | 718,700 | 800,400 | 617,200 |
| Financial leverage ratio | — | — | 33.04 | 36.28 | 76.20 | 29.09 | 11.94 | 6.37 | 6.30 | 4.74 | 4.12 | 5.24 | 5.95 | 4.85 | 3.88 | 5.24 | 5.53 | 4.21 | 4.33 | 6.41 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,716,100K ÷ $-385,400K
= —
The financial leverage ratio for Scotts Miracle-Gro Company has shown fluctuations over the past few years. In the most recent quarter, ending December 31, 2023, the financial leverage ratio stands at 33.04. This indicates that the company is utilizing debt to finance its operations, with a moderate level of financial leverage.
Looking at historical trends, the financial leverage ratio has ranged from a high of 76.20 in December 2022 to a low of 3.88 in June 2020. The significant increase in leverage in December 2022 may suggest the company took on more debt to support growth or strategic initiatives during that period.
Overall, the financial leverage ratio for Scotts Miracle-Gro Company has been relatively stable in recent quarters, with occasional fluctuations. It is important for stakeholders to monitor this ratio to assess the company's capital structure and debt management practices.
Peer comparison
Dec 31, 2023