Autoliv Inc (ALV)

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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	8,332,000	7,987,000	7,959,000	8,185,000	7,717,000	7,334,000	7,030,000	7,769,000	7,537,000	7,511,000	7,636,000	8,210,000	8,157,000	7,833,400	7,174,500	6,973,900	6,771,200	6,589,500	6,785,500	6,772,600
Total stockholders’ equity	US$ in thousands	2,557,000	2,473,000	2,545,000	2,627,000	2,613,000	2,478,000	2,544,000	2,659,000	2,633,000	2,558,000	2,600,000	2,507,000	2,409,000	2,099,800	1,941,500	2,031,000	2,109,200	1,986,700	2,024,100	1,960,500
Financial leverage ratio		3.26	3.23	3.13	3.12	2.95	2.96	2.76	2.92	2.86	2.94	2.94	3.27	3.39	3.73	3.70	3.43	3.21	3.32	3.35	3.45

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,332,000K ÷ $2,557,000K
= 3.26

Autoliv Inc.'s financial leverage ratio has exhibited a fluctuating trend over the past eight quarters. The ratio increased from 2.76 in Q2 2022 to reach its highest point at 3.26 in Q4 2023, indicating a significant increase in debt relative to equity during this period. However, the ratio has not shown a consistent upward trajectory, as there have been periods of decline in between the notable increases. Overall, the company's financial leverage ratio has generally been on an upward trend since Q2 2022, signifying an increasing reliance on debt to finance its operations and investments. It is important for stakeholders to closely monitor this trend to assess Autoliv Inc.'s financial risk and ability to meet its debt obligations in the future.