Trimble Inc (TRMB)
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 | 9,488,300 | 9,866,700 | 9,597,800 | 9,321,200 | 9,539,300 | 9,330,700 | 9,556,300 | 8,012,900 | 7,269,000 | 7,077,700 | 6,919,500 | 7,177,400 | 7,099,600 | 7,003,400 | 6,962,200 | 6,780,500 | 6,876,900 | 6,624,300 | 6,645,000 | 6,705,700 |
| Total stockholders’ equity | US$ in thousands | 5,745,300 | 5,875,100 | 5,633,400 | 4,349,100 | 4,500,100 | 4,343,000 | 4,331,300 | 4,245,200 | 4,050,200 | 3,844,800 | 3,894,500 | 3,987,900 | 3,944,700 | 3,881,800 | 3,838,600 | 3,673,600 | 3,596,900 | 3,350,000 | 3,211,900 | 3,101,300 |
| Financial leverage ratio | 1.65 | 1.68 | 1.70 | 2.14 | 2.12 | 2.15 | 2.21 | 1.89 | 1.79 | 1.84 | 1.78 | 1.80 | 1.80 | 1.80 | 1.81 | 1.85 | 1.91 | 1.98 | 2.07 | 2.16 |
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 shown a fluctuating trend over the past few years. The ratio decreased from 2.16 as of March 31, 2020, to 1.65 as of December 31, 2024. This indicates a decrease in the company's reliance on debt to finance its operations and investments.
However, the ratio experienced fluctuations during this period, reaching a low of 1.70 as of June 30, 2024, before slightly increasing to 1.89 as of March 31, 2023. Despite these fluctuations, the overall trend suggests a decreasing reliance on debt in the company's capital structure.
It is important to note that a lower financial leverage ratio generally indicates a lower financial risk for the company, as it implies a lesser proportion of debt in its capital structure. Conversely, a higher ratio might signal higher financial risk due to increased debt obligations. Trimble Inc's decreasing financial leverage ratio could be a positive indicator of its improving financial stability and ability to meet its obligations.
Peer comparison
Dec 31, 2024