Xpel Inc (XPEL)
Financial leverage ratio
| 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 | 252,041 | 226,776 | 216,661 | 207,667 | 193,362 | 188,258 | 189,056 | 188,261 | 161,015 | 124,403 | 105,373 | 95,339 | 83,840 | 76,197 | 68,173 | 61,691 |
| Total stockholders’ equity | US$ in thousands | 179,989 | 166,553 | 153,308 | 136,757 | 124,722 | 114,953 | 103,077 | 92,242 | 84,462 | 78,407 | 70,432 | 60,020 | 53,382 | 46,427 | 39,399 | 34,982 |
| Financial leverage ratio | 1.40 | 1.36 | 1.41 | 1.52 | 1.55 | 1.64 | 1.83 | 2.04 | 1.91 | 1.59 | 1.50 | 1.59 | 1.57 | 1.64 | 1.73 | 1.76 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $252,041K ÷ $179,989K
= 1.40
The financial leverage ratio of XPEL Inc has shown a fluctuating trend over the past eight quarters. The ratio decreased from 2.04 in Q1 2022 to 1.40 in Q4 2023, indicating a reduction in the company's reliance on debt financing to sustain its operations. However, it is worth noting that the ratio increased gradually from Q4 2022 to Q1 2023, reaching its peak at 1.55, before declining again in the subsequent quarters.
Overall, the company's financial leverage ratio has displayed some volatility but seems to be on a downward trajectory, suggesting a potential improvement in the company's financial risk profile. Further analysis and monitoring of this ratio over time will be essential to assess XPEL Inc's ability to manage its debt levels effectively.