US Foods Holding Corp (USFD)
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 | 13,187,000 | 13,272,000 | 13,029,000 | 13,038,000 | 12,773,000 | 13,242,000 | 13,033,000 | 12,960,000 | 12,521,000 | 13,117,000 | 13,064,000 | 13,000,000 | 12,423,000 | 12,796,000 | 13,529,000 | 11,984,000 | 11,288,000 | 11,526,000 | 9,339,000 | 9,391,000 |
| Total stockholders’ equity | US$ in thousands | 4,749,000 | 4,692,000 | 4,604,000 | 4,179,000 | 3,961,000 | 3,927,000 | 3,804,000 | 3,722,000 | 3,735,000 | 3,648,000 | 3,573,000 | 3,500,000 | 3,530,000 | 3,515,000 | 3,500,000 | 3,582,000 | 3,709,000 | 3,557,000 | 3,435,000 | 3,310,000 |
| Financial leverage ratio | 2.78 | 2.83 | 2.83 | 3.12 | 3.22 | 3.37 | 3.43 | 3.48 | 3.35 | 3.60 | 3.66 | 3.71 | 3.52 | 3.64 | 3.87 | 3.35 | 3.04 | 3.24 | 2.72 | 2.84 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,187,000K ÷ $4,749,000K
= 2.78
The financial leverage ratio of US Foods Holding Corp has shown fluctuations over the past few quarters, ranging from 2.72 to 3.71. The trend indicates that the company's reliance on debt to finance its operations has been increasing, as the ratio has generally been on an upward trajectory.
A financial leverage ratio of over 3 suggests that the company has a relatively higher level of debt compared to its equity. This can signify higher financial risk as the company may have increased obligations to service debt payments.
It is important for investors and stakeholders to monitor the trend of the financial leverage ratio, as a consistently high ratio could indicate potential challenges in managing debt levels and financial stability. Additionally, changes in the ratio may signal shifts in the company's capital structure and financing strategies.
Peer comparison
Dec 31, 2023