Vicor Corporation (VICR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 594,887 | 536,901 | 477,205 | 396,239 | 240,727 |
| Total stockholders’ equity | US$ in thousands | 540,869 | 464,088 | 423,599 | 350,820 | 205,562 |
| Financial leverage ratio | 1.10 | 1.16 | 1.13 | 1.13 | 1.17 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $594,887K ÷ $540,869K
= 1.10
The financial leverage ratio of Vicor Corp. has exhibited some variability over the past five years. In 2023, the financial leverage ratio decreased to 1.10 from 1.16 in 2022. This suggests that the company relied less on debt financing in 2023 compared to the previous year.
However, it is important to note that the financial leverage ratio remained relatively stable around the range of 1.13 to 1.17 from 2020 to 2022 before the notable decrease in 2023. This stability indicates that Vicor Corp. has maintained a consistent level of debt usage to finance its operations during these years.
Overall, the decreasing trend in the financial leverage ratio from 2022 to 2023 could imply that Vicor Corp. may have reduced its debt levels or increased its equity capital during the most recent fiscal year, potentially leading to a stronger financial position with lower financial risk.
Peer comparison
Dec 31, 2023