Xpel Inc (XPEL)
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 | 285,607 | 273,041 | 261,830 | 258,492 | 258,677 | 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 | 225,455 | 218,727 | 201,911 | 186,423 | 179,989 | 166,553 | 153,308 | 136,757 | 124,722 | 114,953 | 103,077 | 92,240 | 84,462 | 78,407 | 70,432 | 60,020 | 53,383 | 46,427 | 39,399 | 34,982 |
| Financial leverage ratio | 1.27 | 1.25 | 1.30 | 1.39 | 1.44 | 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, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $285,607K ÷ $225,455K
= 1.27
The financial leverage ratio of Xpel Inc has fluctuated over the past few years. It decreased from 1.76 as of March 31, 2020, to 1.25 as of September 30, 2024. This indicates that the company has gradually reduced its reliance on debt to finance its operations and growth. However, the ratio slightly increased to 1.27 as of December 31, 2024. Overall, the trend suggests that Xpel Inc has maintained a moderate level of financial leverage, which could be a balanced approach to managing its capital structure and financial risk.