Vector Group Ltd (VGR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 934,095 | 908,591 | 871,087 | 1,343,410 | 1,505,090 |
| Total stockholders’ equity | US$ in thousands | -741,814 | -807,877 | -841,553 | -659,687 | -685,464 |
| Financial leverage ratio | — | — | — | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $934,095K ÷ $-741,814K
= —
To calculate the financial leverage ratio, we need to use the formula:
Financial Leverage Ratio = Total Debt / (Total Debt + Total Shareholders' Equity)
Given that the financial leverage ratio data is not provided in the table, we are unable to perform the direct calculation. However, we can compute the financial leverage ratio for each year using the relevant data from the table and provide an analysis based on the trend over the years.
The trend analysis will help in assessing how the company's reliance on debt to finance its operations has evolved over time. A consistent increase in the financial leverage ratio may indicate a higher risk due to increased debt obligations, while a declining trend may signal improved financial stability.
By utilizing the data from the financial statements for each year, we can compute and analyze the financial leverage ratios for Vector Group Ltd to provide insights into the company's capital structure and financial risk management.
Peer comparison
Dec 31, 2023