Bill Com Holdings Inc (BILL)

Financial leverage ratio

Jun 30, 2025 Mar 31, 2025 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
Total assets US$ in thousands 10,064,000 9,632,640 9,674,210 9,045,060 9,303,690 9,122,260 9,872,410 9,620,380 9,636,020 9,380,880 9,738,270 9,253,100 9,256,030 9,183,840 9,510,960 8,564,200 5,969,170 3,800,160 4,082,420 2,479,210
Total stockholders’ equity US$ in thousands 3,914,040 3,870,460 3,809,390 4,013,240 4,134,200 4,058,730 3,951,840 4,118,110 4,085,970 4,104,340 4,083,880 4,047,530 4,043,690 4,068,320 4,093,330 4,109,210 2,529,590 870,461 876,748 718,768
Financial leverage ratio 2.57 2.49 2.54 2.25 2.25 2.25 2.50 2.34 2.36 2.29 2.38 2.29 2.29 2.26 2.32 2.08 2.36 4.37 4.66 3.45

June 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $10,064,000K ÷ $3,914,040K
= 2.57

The financial leverage ratio of Bill Com Holdings Inc exhibits a variable trend over the observed period from September 30, 2020, through June 30, 2025. Initially, the ratio was relatively moderate at 3.45 in September 2020, but it increased significantly to reach a peak of 4.66 by December 31, 2020. This elevated level suggests a period of higher reliance on debt financing relative to equity during that quarter. Following this peak, the ratio experienced a decline to 4.37 in March 2021 and then a more pronounced decrease to 2.36 by June 30, 2021, indicating a reduction in leverage and potentially a deleveraging process.

From mid-2021 onward, the leverage ratio remained comparatively stable, oscillating within a narrow range around 2.0 to 2.4, with slight fluctuations. By September 2021, the ratio had decreased further to 2.08, and thereafter, it gradually stabilized around 2.2 to 2.4, showing modest changes through the subsequent fiscal periods. The lowest recorded ratio within the timeframe was approximately 2.25 in March 2024 and June 2024, implying a consistent level of leverage during those periods.

Towards the end of the observed period, the ratio increased slightly, reaching 2.50 in December 2023 and subsequently fluctuating between 2.49 and 2.57 through June 2025. The overall trend suggests that the company's leverage peaked in late 2020 and has since moderated and become relatively steady, with minor increases indicating a marginal expansion in leverage towards the later periods.

This pattern indicates that Bill Com Holdings Inc has historically shifted its leverage levels, moving from a period of heightened leverage at the end of 2020 towards more conservative levels through 2021 and beyond, maintaining a moderate level of financial leverage into the recent periods. The stability in the ratios in the latter half of the observed span reflects a balanced approach to its debt-equity structure, aligning with typical industry practices for managing financial risk.