Trimble Inc (TRMB)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,488,300 | 9,539,300 | 7,269,000 | 7,099,600 | 6,876,900 |
| Total stockholders’ equity | US$ in thousands | 5,745,300 | 4,500,100 | 4,050,200 | 3,944,700 | 3,596,900 |
| Financial leverage ratio | 1.65 | 2.12 | 1.79 | 1.80 | 1.91 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,488,300K ÷ $5,745,300K
= 1.65
The financial leverage ratio of Trimble Inc has exhibited some fluctuations over the past five years. In 2020, the ratio was 1.91, indicating that the company had higher financial leverage. However, this ratio decreased to 1.80 by the end of 2021 and further to 1.79 by the end of 2022, suggesting a trend towards lower financial leverage.
There was a notable increase in the financial leverage ratio in 2023, reaching 2.12, signifying a higher level of leverage compared to the previous years. However, in 2024, the ratio decreased substantially to 1.65, reflecting a decrease in financial leverage once again.
Overall, the trend indicates some variability in Trimble Inc's financial leverage ratio over the period, with a mix of both increases and decreases. It is important for stakeholders to monitor these changes in leverage as they can impact the company's financial risk and stability.
Peer comparison
Dec 31, 2024