Xpel Inc (XPEL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 285,607 | 252,041 | 193,362 | 161,015 | 83,840 |
| Total stockholders’ equity | US$ in thousands | 225,455 | 179,989 | 124,722 | 84,462 | 53,383 |
| Financial leverage ratio | 1.27 | 1.40 | 1.55 | 1.91 | 1.57 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $285,607K ÷ $225,455K
= 1.27
The financial leverage ratio of Xpel Inc has shown some fluctuations over the past five years. It stood at 1.57 as of December 31, 2020, indicating that the company had $1.57 of debt for every $1 of equity.
By December 31, 2021, the ratio increased to 1.91, suggesting a higher level of leverage compared to the previous year. This could mean that the company took on more debt relative to its equity during that period.
However, in the following years, the financial leverage ratio decreased. As of December 31, 2022, the ratio was 1.55, followed by a further decline to 1.40 by the end of 2023, and a decrease to 1.27 by the end of 2024.
Overall, the trend indicates a fluctuation in the financial leverage ratio of Xpel Inc over the five-year period, with peaks and troughs showcasing changes in the company's debt-to-equity structure. This could imply varying levels of financial risk and capital structure management by the company during this time frame.