Tetra Tech Inc (TTEK)
Financial leverage ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,192,680 | 4,084,900 | 4,070,570 | 3,950,820 | 3,820,480 | 3,973,580 | 3,985,040 | 2,731,480 | 2,622,780 | 2,677,710 | 2,645,620 | 2,640,460 | 2,576,560 | 2,510,920 | 2,455,060 | 2,414,870 | 2,378,560 | 2,289,310 | 2,343,150 | 2,352,550 |
| Total stockholders’ equity | US$ in thousands | 1,830,320 | 1,666,140 | 1,584,790 | 1,537,610 | 1,403,430 | 1,452,720 | 1,355,600 | 1,323,910 | 1,183,090 | 1,205,010 | 1,244,600 | 1,237,880 | 1,234,240 | 1,192,400 | 1,147,150 | 1,105,190 | 1,037,320 | 992,894 | 950,108 | 1,026,590 |
| Financial leverage ratio | 2.29 | 2.45 | 2.57 | 2.57 | 2.72 | 2.74 | 2.94 | 2.06 | 2.22 | 2.22 | 2.13 | 2.13 | 2.09 | 2.11 | 2.14 | 2.19 | 2.29 | 2.31 | 2.47 | 2.29 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,192,680K ÷ $1,830,320K
= 2.29
The financial leverage ratio of Tetra Tech Inc has fluctuated over the past few years, ranging from 2.06 to 2.94. A higher financial leverage ratio indicates that the company relies more on debt financing to fund its operations and growth.
From the data provided, it is evident that Tetra Tech's financial leverage ratio has seen some variability, possibly indicating changes in the company's capital structure and debt levels over time. The ratio peaked at 2.94 in March 2023, suggesting a higher reliance on debt at that point in time.
Overall, the trend in financial leverage ratios for Tetra Tech Inc shows some ups and downs, signifying fluctuations in the company's debt position and capital structure management over the periods observed. Further analysis of the company's financial statements and debt-related metrics would provide a more comprehensive understanding of its leverage and financial health.
Peer comparison
Sep 30, 2024