Biogen Inc (BIIB)

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	28,049,300	28,313,200	26,804,100	26,567,600	26,844,800	28,193,200	25,156,800	24,598,400	24,554,100	24,854,200	25,081,400	23,614,400	23,877,300	23,806,700	24,470,400	23,854,700	24,618,900	24,934,100	25,511,800	26,119,200
Total stockholders’ equity	US$ in thousands	16,716,000	16,358,900	15,889,100	15,213,000	14,799,400	14,483,800	14,466,900	13,796,600	13,397,900	12,775,500	11,872,500	11,242,300	10,896,200	10,429,900	10,751,900	10,682,200	10,700,300	10,758,500	11,308,700	12,546,900
Financial leverage ratio		1.68	1.73	1.69	1.75	1.81	1.95	1.74	1.78	1.83	1.95	2.11	2.10	2.19	2.28	2.28	2.23	2.30	2.32	2.26	2.08

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $28,049,300K ÷ $16,716,000K
= 1.68

The financial leverage ratio of Biogen Inc has been gradually declining from 2.08 as of March 31, 2020, to 1.68 as of December 31, 2024. This suggests that the company has been reducing its reliance on debt to finance its operations and investments over this period. A decreasing trend in the financial leverage ratio indicates improved financial stability and lower financial risk for the company. It shows that Biogen Inc has been effectively managing its debt levels and capital structure, which can enhance its overall financial health and resilience in challenging economic conditions. Additionally, a lower financial leverage ratio may also signal greater flexibility for the company in terms of future strategic decisions and expansion opportunities, as it has lower debt obligations to service. Overall, the declining trend in Biogen Inc's financial leverage ratio reflects a positive trajectory in its financial management and risk mitigation strategies.