Wolverine World Wide Inc (WWW)
Financial leverage ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,668,800 | 1,758,700 | 1,796,300 | 1,853,000 | 2,062,800 | 2,231,300 | 2,357,300 | 2,416,700 | 2,492,700 | 3,170,600 | 2,949,000 | 2,746,000 | 2,586,400 | 2,681,400 | 2,303,600 | 2,267,300 | 2,137,400 | 2,501,100 | 2,589,400 | 2,753,700 |
| Total stockholders’ equity | US$ in thousands | 451,700 | 288,100 | 262,100 | 252,500 | 278,600 | 362,700 | 366,900 | 326,600 | 339,000 | 656,900 | 643,900 | 596,700 | 644,400 | 626,700 | 649,100 | 625,100 | 573,000 | 754,100 | 735,900 | 735,900 |
| Financial leverage ratio | 3.69 | 6.10 | 6.85 | 7.34 | 7.40 | 6.15 | 6.42 | 7.40 | 7.35 | 4.83 | 4.58 | 4.60 | 4.01 | 4.28 | 3.55 | 3.63 | 3.73 | 3.32 | 3.52 | 3.74 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,668,800K ÷ $451,700K
= 3.69
Wolverine World Wide Inc's financial leverage ratio has exhibited fluctuations over the periods outlined in the data. From March 31, 2020, to December 31, 2022, the financial leverage ratio showed an upward trend, indicating an increasing level of leverage. This trend was notable, with the ratio rising from 3.74 to 7.35 during this period.
Subsequently, the financial leverage ratio experienced a decline from March 31, 2023, to June 30, 2024, signaling some reduction in leverage. The ratio decreased from 7.40 to 6.10 during this timeframe, with some variation in the ratios recorded.
Overall, the financial leverage ratio reflects the company's utilization of debt financing relative to its equity. The upward and downward movements in the ratio suggest changes in the company's capital structure and risk profile over the periods examined. It is important for stakeholders to closely monitor these fluctuations to assess the company's financial risk and solvency position.
Peer comparison
Dec 31, 2024