Tempur Sealy International Inc (TPX)
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 | 4,553,900 | 4,546,100 | 4,570,800 | 4,537,100 | 4,359,800 | 4,351,700 | 4,404,400 | 4,321,900 | 4,323,400 | 4,467,300 | 3,277,600 | 3,542,100 | 3,308,600 | 3,455,400 | 3,201,900 | 3,306,200 | 3,061,800 | 3,103,100 | 3,046,700 | 2,965,700 |
| Total stockholders’ equity | US$ in thousands | 333,400 | 223,700 | 147,500 | 43,600 | -12,300 | -143,300 | -180,900 | -91,300 | 285,800 | 371,000 | 410,100 | 327,200 | 503,600 | 456,200 | 249,700 | 208,400 | 359,500 | 336,500 | 305,900 | 253,500 |
| Financial leverage ratio | 13.66 | 20.32 | 30.99 | 104.06 | — | — | — | — | 15.13 | 12.04 | 7.99 | 10.83 | 6.57 | 7.57 | 12.82 | 15.86 | 8.52 | 9.22 | 9.96 | 11.70 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,553,900K ÷ $333,400K
= 13.66
The financial leverage ratio of Tempur Sealy International Inc has been fluctuating over the past four quarters. In Q4 2023, the financial leverage ratio was reported at 14.08, suggesting a moderate level of financial leverage. This ratio increased significantly in Q3 2023 to 21.23, indicating a higher degree of financial leverage during that period. In Q2 2023, the ratio spiked to 33.10, signaling a further increase in financial leverage. The highest level of financial leverage was observed in Q1 2023, with a ratio of 130.75, which indicates a substantial amount of debt being used to finance the company's assets.
Comparing the trend over the quarters, it is evident that Tempur Sealy International Inc experienced a significant increase in financial leverage from Q4 2023 to Q1 2023. However, it should be noted that data is missing for the corresponding quarters in 2022, making it challenging to provide a complete trend analysis. Therefore, the company's financial leverage position warrants further monitoring to assess its impact on the overall financial health and risk profile of the company.
Peer comparison
Dec 31, 2023