USANA Health Sciences Inc (USNA)
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 | 748,193 | 671,308 | 631,419 | 629,275 | 632,757 | 601,148 | 602,680 | 605,533 | 596,549 | 556,063 | 557,959 | 572,919 | 577,740 | 578,946 | 591,449 | 584,512 | 640,887 | 577,532 | 512,151 | 473,750 |
| Total stockholders’ equity | US$ in thousands | 532,109 | 533,087 | 512,208 | 499,988 | 497,202 | 470,394 | 468,824 | 455,354 | 434,472 | 411,099 | 403,681 | 389,946 | 395,124 | 399,079 | 418,623 | 402,777 | 441,650 | 389,117 | 349,076 | 317,608 |
| Financial leverage ratio | 1.41 | 1.26 | 1.23 | 1.26 | 1.27 | 1.28 | 1.29 | 1.33 | 1.37 | 1.35 | 1.38 | 1.47 | 1.46 | 1.45 | 1.41 | 1.45 | 1.45 | 1.48 | 1.47 | 1.49 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $748,193K ÷ $532,109K
= 1.41
The financial leverage ratio of USANA Health Sciences Inc has shown a gradual decline from 1.49 as of March 31, 2020, to 1.41 as of June 30, 2021. This indicates that the company's reliance on debt to finance its operations has been decreasing over this period. However, there was a slight increase in the financial leverage ratio to 1.46 as of December 31, 2021, before it started decreasing again. The ratio reached its lowest point at 1.26 as of June 30, 2024, suggesting a stronger equity position relative to debt at that time. This trend indicates a potential improvement in the company's financial stability and risk management as it reduced its debt levels compared to equity.