Biogen Inc (BIIB)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	26,844,800	24,554,100	23,877,300	24,618,900	27,234,300
Total stockholders’ equity	US$ in thousands	14,799,400	13,397,900	10,896,200	10,700,300	13,343,200
Financial leverage ratio		1.81	1.83	2.19	2.30	2.04

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,844,800K ÷ $14,799,400K
= 1.81

The financial leverage ratio of Biogen Inc has shown a decreasing trend over the past five years, indicating a reduction in the company's reliance on debt to finance its operations and investments. The ratio decreased from 2.30 in 2020 to 1.81 in 2023. This downward trend suggests that Biogen has been gradually decreasing its debt levels relative to its equity, which can be considered a positive sign of financial stability and risk management. However, it is essential to monitor this ratio in the future to ensure that the company maintains an appropriate balance between debt and equity financing.