Dollar Amounts
USD (Millions)
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Assets | $454 | $512 | $560 | $572 | $950 |
| Liabilities | $268 | $303 | $298 | $231 | $509 |
| Equity | $186 | $209 | $262 | $341 | $361 |
Balance sheet data in USD (millions)
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Edwyn
Over the past five years, BEL FUSE INC has shown a significant growth trajectory in terms of its financial position. Total assets have seen a steady increase from $453.866 million in 2020 to $949.789 million in 2024, indicating robust expansion and investment in the company's operations. This growth in assets has been primarily driven by a substantial increase in stockholders' equity from $185.799 million in 2020 to $360.576 million in 2024, signifying the company's ability to generate profits and retain earnings. On the other hand, total liabilities have fluctuated over the period, with a notable decrease in 2024 compared to the previous year. In 2023, liabilities were at $231.073 million, but they increased to $508.627 million in 2024. This increase in liabilities could be attributed to debt financing for expansion or acquisitions. It is essential for BEL FUSE INC to manage its debt levels effectively to ensure sustainable growth and financial stability. Overall, the company's increasing assets and equity position it well for future growth opportunities, but careful monitoring of liabilities will be crucial to maintain a healthy financial position.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.