Valvoline Inc (VVV)
Financial leverage ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,438,700 | 2,375,600 | 2,763,000 | 2,709,300 | 2,889,900 | 2,985,500 | 4,280,400 | 3,551,500 | 3,416,800 | 3,348,000 | 3,248,000 | 3,183,000 | 3,191,000 | 3,049,000 | 2,921,000 | 3,156,000 | 3,051,000 | 2,963,000 | 2,917,000 | 2,297,000 |
| Total stockholders’ equity | US$ in thousands | 185,600 | 106,500 | 60,100 | 64,800 | 203,200 | 285,400 | 1,372,400 | 289,300 | 306,600 | 225,500 | 200,300 | 167,300 | 134,500 | 23,000 | -56,000 | -55,000 | -76,000 | -188,000 | -237,000 | -196,000 |
| Financial leverage ratio | 13.14 | 22.31 | 45.97 | 41.81 | 14.22 | 10.46 | 3.12 | 12.28 | 11.14 | 14.85 | 16.22 | 19.03 | 23.72 | 132.57 | — | — | — | — | — | — |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,438,700K ÷ $185,600K
= 13.14
The financial leverage ratio of Valvoline Inc has exhibited fluctuations over the past several periods, ranging from 3.12% to as high as 132.57%. The ratio indicates the company's reliance on debt to finance its operations and investments. A higher ratio suggests a greater proportion of debt in the company's capital structure, which can increase financial risk but also potentially amplify returns. In contrast, a lower ratio signifies a more conservative approach with less dependence on borrowed funds. Valvoline Inc's financial leverage ratio has shown variability, possibly reflecting changes in the company's financing decisions and capital structure. An in-depth analysis of the trend in conjunction with other financial metrics would provide a more comprehensive assessment of the company's financial health and risk profile.
Peer comparison
Sep 30, 2024