Timken Company (TKR)
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 | 6,411,000 | 6,767,400 | 6,575,900 | 6,544,000 | 6,541,700 | 6,244,700 | 6,251,300 | 5,853,000 | 5,772,400 | 5,281,900 | 5,442,500 | 5,458,500 | 5,170,700 | 5,145,600 | 5,166,200 | 5,106,200 | 5,041,600 | 4,909,100 | 4,901,000 | 4,980,000 |
| Total stockholders’ equity | US$ in thousands | 2,984,100 | 2,933,300 | 2,796,800 | 2,608,300 | 2,582,400 | 2,477,800 | 2,531,300 | 2,348,000 | 2,268,300 | 2,093,600 | 2,203,600 | 2,271,100 | 2,294,900 | 2,296,900 | 2,290,900 | 2,175,500 | 2,152,900 | 2,028,100 | 1,883,600 | 1,817,400 |
| Financial leverage ratio | 2.15 | 2.31 | 2.35 | 2.51 | 2.53 | 2.52 | 2.47 | 2.49 | 2.54 | 2.52 | 2.47 | 2.40 | 2.25 | 2.24 | 2.26 | 2.35 | 2.34 | 2.42 | 2.60 | 2.74 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,411,000K ÷ $2,984,100K
= 2.15
Timken Company's financial leverage ratio has shown a gradual decrease from 2.74 as of March 31, 2020, to 2.15 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and investments over this period. A lower financial leverage ratio suggests a stronger financial position and less risk associated with debt repayment. However, it is important to assess the trend in conjunction with other financial metrics to gain a holistic understanding of Timken Company's overall financial health and performance.
Peer comparison
Dec 31, 2024