A10 Network (ATEN)

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	389,809	377,842	368,232	357,285	369,105	352,661	384,565	361,747	393,085	374,445	296,138	291,580	290,811	284,097	272,608	270,057	274,053	228,947	226,812	231,977
Total stockholders’ equity	US$ in thousands	207,876	196,922	192,939	185,501	181,012	160,734	194,759	185,977	208,888	203,595	124,505	124,659	115,974	121,701	110,860	113,252	108,787	102,168	98,326	101,664
Financial leverage ratio		1.88	1.92	1.91	1.93	2.04	2.19	1.97	1.95	1.88	1.84	2.38	2.34	2.51	2.33	2.46	2.38	2.52	2.24	2.31	2.28

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $389,809K ÷ $207,876K
= 1.88

The financial leverage ratio of A10 Networks Inc has shown a decreasing trend over the past eight quarters, indicating an improvement in the company's financial leverage position. The ratio decreased from 2.19 in Q3 2022 to 1.88 in Q4 2023. A lower financial leverage ratio suggests that the company is relying less on debt to finance its operations and is better positioned to handle financial obligations.
Overall, the decreasing trend in the financial leverage ratio is a positive indicator of A10 Networks Inc's ability to manage its debt levels efficiently and potentially reduce financial risk.