Interface Inc (TILE)
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 | Jul 5, 2020 | Apr 5, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 1,287,080 | 1,423,050 | 1,424,540 | 1,454,290 | 1,405,070 |
| Total stockholders’ equity | US$ in thousands | 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 | 238,655 | 368,202 | 357,378 | 352,113 | 349,659 |
| Financial leverage ratio | 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 | 5.39 | 3.86 | 3.99 | 4.13 | 4.02 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,230,100K ÷ $425,947K
= 2.89
Interface Inc.'s financial leverage ratio has shown a decreasing trend from Q4 2022 to Q4 2023, indicating an improvement in the company's financial leverage position. The ratio decreased from 3.50 in Q4 2022 to 2.89 in Q4 2023. This signifies that the company has reduced its reliance on debt to finance its operations and has strengthened its financial structure.
A financial leverage ratio of 2.89 in Q4 2023 suggests that the company's total assets are 2.89 times its total equity. This indicates that a significant portion of the company's assets is financed through equity rather than debt.
Overall, Interface Inc.'s decreasing financial leverage ratio is a positive sign as it indicates that the company is becoming less leveraged and more financially stable over time. Investors and stakeholders may view this trend favorably as it reduces the company's financial risk and enhances its ability to weather economic downturns.
Peer comparison
Dec 31, 2023