Box Inc (BOX)
Financial leverage ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,667,520 | 1,354,320 | 1,120,740 | 1,176,100 | 1,241,160 | 1,033,820 | 1,068,140 | 1,108,670 | 1,207,160 | 1,056,450 | 1,066,310 | 1,171,590 | 1,392,010 | 1,405,080 | 1,525,610 | 1,310,130 | 1,351,680 | 941,561 | 960,511 | 948,913 |
| Total stockholders’ equity | US$ in thousands | 197,276 | 13,795 | 53,746 | 94,711 | 61,033 | -48,864 | -45,943 | -21,621 | -33,861 | -78,160 | -90,598 | 4,386 | 92,793 | 220,016 | 335,907 | 124,813 | 151,065 | 87,562 | 59,592 | 40,848 |
| Financial leverage ratio | 8.45 | 98.17 | 20.85 | 12.42 | 20.34 | — | — | — | — | — | — | 267.12 | 15.00 | 6.39 | 4.54 | 10.50 | 8.95 | 10.75 | 16.12 | 23.23 |
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 exhibited significant variability over the past few years. From April 2020 to July 2021, the ratio steadily declined from 23.23 to 4.54, indicating a reduction in the company's reliance on debt financing to support its operations. This trend suggested an improvement in Box Inc's financial stability and ability to meet its financial obligations.
However, there was a notable increase in the financial leverage ratio in April 2022, surging to 267.12. This sharp rise could be a cause for concern as it indicates a substantial increase in leverage and potential financial risk for the company. The absence of data for subsequent periods limits the ability to assess the impact or trajectory of this spike in leverage.
In periods following the peak in April 2022, the financial leverage ratio fluctuated but generally trended downwards, with occasional spikes such as in October 2024 where the ratio climbed to 98.17. Despite these fluctuations, the ratio remained relatively lower compared to its peak in April 2022.
As of January 31, 2025, the financial leverage ratio stood at 8.45. This suggests that Box Inc has managed to bring down its leverage to more moderate levels compared to the peak observed in April 2022. Monitoring Box Inc's financial leverage ratio in upcoming periods will be essential to assess the company's debt management strategies and overall financial health.
Peer comparison
Jan 31, 2025