Box Inc (BOX)
Financial leverage ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,667,520 | 1,241,160 | 1,207,160 | 1,392,010 | 1,351,680 |
| Total stockholders’ equity | US$ in thousands | 197,276 | 61,033 | -33,861 | 92,793 | 151,065 |
| Financial leverage ratio | 8.45 | 20.34 | — | 15.00 | 8.95 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,667,520K ÷ $197,276K
= 8.45
The financial leverage ratio of Box Inc has shown significant fluctuations over the past few years. As of January 31, 2021, the ratio stood at 8.95, indicating a moderate level of financial leverage. By January 31, 2022, the ratio had increased to 15.00, signaling a higher degree of leverage. However, the data for January 31, 2023, is not available, so it is difficult to assess the company's leverage position for that year.
Subsequently, by January 31, 2024, the financial leverage ratio surged to 20.34, suggesting an even greater reliance on debt to finance operations. However, this was followed by a notable decrease in leverage, as of January 31, 2025, with the ratio dropping to 8.45.
Overall, the fluctuating trend in Box Inc's financial leverage ratio underscores the changing levels of debt and equity in the company's capital structure over the years, which can have implications for its financial risk and performance.
Peer comparison
Jan 31, 2025