Interface Inc (TILE)
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 | Jul 5, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,170,820 | 1,243,260 | 1,216,120 | 1,193,490 | 1,230,100 | 1,201,640 | 1,219,950 | 1,253,200 | 1,266,500 | 1,240,630 | 1,313,450 | 1,309,780 | 1,330,060 | 1,289,240 | 1,322,210 | 1,295,330 | 1,306,010 | 1,305,780 | 1,300,970 | 1,300,970 |
| Total stockholders’ equity | US$ in thousands | 1,170,820 | 501,563 | 451,165 | 428,548 | 425,947 | 387,564 | 384,908 | 367,029 | 361,537 | 321,423 | 347,377 | 366,880 | 363,398 | 336,777 | 335,586 | 314,815 | 326,538 | 287,020 | 258,196 | 258,196 |
| Financial leverage ratio | 1.00 | 2.48 | 2.70 | 2.78 | 2.89 | 3.10 | 3.17 | 3.41 | 3.50 | 3.86 | 3.78 | 3.57 | 3.66 | 3.83 | 3.94 | 4.11 | 4.00 | 4.55 | 5.04 | 5.04 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,170,820K ÷ $1,170,820K
= 1.00
Interface Inc's financial leverage ratio has been gradually decreasing, indicating a positive trend in the company's leverage position. The ratio was 5.04 on June 30, 2020, and steadily declined to 1.00 by December 31, 2024. This reduction in the financial leverage ratio suggests that Interface Inc has been reducing its reliance on debt to finance its operations and investments over the analyzed period. A lower financial leverage ratio generally indicates a lower level of financial risk for the company, as it implies less debt relative to equity in its capital structure. Overall, the decreasing trend in Interface Inc's financial leverage ratio indicates a strengthening financial position and improved stability in its capital structure.
Peer comparison
Dec 31, 2024