Vulcan Materials Company (VMC)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 17,104,800 | 14,545,700 | 14,234,600 | 13,682,600 | 11,686,900 |
| Total stockholders’ equity | US$ in thousands | 8,118,600 | 7,483,400 | 6,928,600 | 6,545,000 | 6,027,330 |
| Financial leverage ratio | 2.11 | 1.94 | 2.05 | 2.09 | 1.94 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $17,104,800K ÷ $8,118,600K
= 2.11
The financial leverage ratio of Vulcan Materials Company has shown some fluctuations over the past five years. The ratio increased from 1.94 in December 31, 2020, to 2.09 in December 31, 2021, indicating a higher level of financial leverage. Subsequently, it decreased to 2.05 in December 31, 2022, before reverting back to 1.94 in December 31, 2023. Finally, the ratio increased to 2.11 in December 31, 2024. This suggests that the company has been utilizing more debt in its capital structure, which may impact its financial risk and ability to meet its financial obligations. It is important for stakeholders to monitor these changes in the financial leverage ratio to assess the company's financial health and sustainability.
Peer comparison
Dec 31, 2024