Verra Mobility Corp (VRRM)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,614,490 | 1,789,980 | 1,756,270 | 1,837,060 | 1,367,320 |
| Total stockholders’ equity | US$ in thousands | 265,125 | 421,467 | 231,070 | 259,964 | 346,438 |
| Financial leverage ratio | 6.09 | 4.25 | 7.60 | 7.07 | 3.95 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,614,490K ÷ $265,125K
= 6.09
The financial leverage ratio for Verra Mobility Corp has fluctuated over the past five years according to the provided data.
- As of December 31, 2020, the financial leverage ratio was 3.95, indicating a moderate level of leverage.
- By December 31, 2021, the ratio increased significantly to 7.07, suggesting a higher reliance on debt to finance company operations.
- Subsequently, the ratio continued to rise to 7.60 by December 31, 2022, indicating a further increase in leverage.
- However, by December 31, 2023, the ratio decreased to 4.25, reflecting a potential reduction in debt levels or an increase in equity.
- Finally, as of December 31, 2024, the financial leverage ratio stood at 6.09, still indicating a relatively high level of leverage compared to the earlier years.
Overall, the trend in the financial leverage ratio for Verra Mobility Corp shows fluctuations, suggesting varying degrees of reliance on debt financing over the five-year period. Further analysis would be needed to understand the reasons behind these fluctuations and their impact on the company's financial health and stability.
Peer comparison
Dec 31, 2024