Standard Motor Products Inc (SMP)
Financial leverage ratio
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total assets | US$ in thousands | 1,814,130 | 1,350,540 | 1,374,330 | 1,351,560 | 1,293,050 | 1,299,930 | 1,302,140 | 1,320,020 | 1,254,930 | 1,318,730 | 1,326,550 | 1,310,410 | 1,197,960 | 1,195,730 | 1,155,280 | 976,482 | 956,540 | 950,997 | 944,765 | 940,711 |
Total stockholders’ equity | US$ in thousands | 615,745 | 638,833 | 640,018 | 639,150 | 635,064 | 629,348 | 629,673 | 621,644 | 610,020 | 599,387 | 601,586 | 611,871 | 601,580 | 587,018 | 583,616 | 556,940 | 550,236 | 544,904 | 510,656 | 496,613 |
Financial leverage ratio | 2.95 | 2.11 | 2.15 | 2.11 | 2.04 | 2.07 | 2.07 | 2.12 | 2.06 | 2.20 | 2.21 | 2.14 | 1.99 | 2.04 | 1.98 | 1.75 | 1.74 | 1.75 | 1.85 | 1.89 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,814,130K ÷ $615,745K
= 2.95
Standard Motor Products Inc's financial leverage ratio has been fluctuating over the years, starting from around 1.85 in June 2020 and ending at 2.95 in December 2024. The ratio indicates that the company's reliance on debt to finance its operations has been increasing steadily. This suggests that the company has been taking on more debt relative to its equity, which may increase financial risk. It is important for investors and stakeholders to monitor this trend closely to ensure the company's long-term financial health and stability.
Peer comparison
Dec 31, 2024
Company name
Symbol
Financial leverage ratio
Standard Motor Products Inc
SMP
2.95
Adient PLC
ADNT
4.38
American Axle & Manufacturing
AXL
8.99
Aptiv PLC
APTV
2.67
Autoliv Inc
ALV
3.43
BorgWarner Inc
BWA
2.53
Dana Inc
DAN
5.62
Dorman Products Inc
DORM
1.87
Gentex Corporation
GNTX
1.12
Gentherm Inc
THRM
2.02
Honeywell International Inc
HON
2.82