Box Inc (BOX)
Financial leverage ratio
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,241,160 | 1,207,160 | 1,392,010 | 1,351,680 | 959,991 |
| Total stockholders’ equity | US$ in thousands | -431,062 | -523,851 | -395,087 | 151,065 | 22,357 |
| Financial leverage ratio | — | — | — | 8.95 | 42.94 |
January 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,241,160K ÷ $-431,062K
= —
The financial leverage ratio for Box Inc is not available for the most recent fiscal years ending on January 31, 2023, and January 31, 2024. However, for the fiscal years ending on January 31, 2020, and January 31, 2021, the financial leverage ratio was calculated to be 42.94 and 8.95, respectively.
The significant decrease in the financial leverage ratio from 42.94 in January 2020 to 8.95 in January 2021 indicates that Box Inc reduced its dependence on debt to finance its operations and investments. A lower financial leverage ratio suggests that the company relies less on borrowed funds and is potentially less risky in terms of debt repayment obligations.
It is important to note that without the financial leverage ratio figures for the recent years, a comprehensive trend analysis and assessment of the company's capital structure efficiency and risk levels cannot be conducted. Nonetheless, the observed trend of decreasing financial leverage ratio from 2020 to 2021 indicates a movement towards a more balanced and potentially sustainable capital structure.
Peer comparison
Jan 31, 2024