Broadridge Financial Solutions Inc (BR)

Debt-to-equity ratio

		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	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	3,355,100	3,513,900	3,652,900	3,682,000	2,234,700	4,076,600	4,105,400	4,064,200	3,793,000	4,167,000	4,156,600	4,165,900	3,887,600	1,737,700	1,770,600	1,776,100	1,387,600	1,679,900	1,449,300	1,368,800
Total stockholders’ equity	US$ in thousands	2,168,200	2,267,200	2,067,600	2,112,700	2,240,600	1,998,900	1,786,600	1,903,700	1,919,100	1,821,000	1,748,100	1,753,800	1,809,100	1,589,300	1,434,000	1,413,800	1,346,500	1,202,500	1,125,400	1,143,400
Debt-to-equity ratio		1.55	1.55	1.77	1.74	1.00	2.04	2.30	2.13	1.98	2.29	2.38	2.38	2.15	1.09	1.23	1.26	1.03	1.40	1.29	1.20

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,355,100K ÷ $2,168,200K
= 1.55

Broadridge Financial Solutions Inc has shown varying levels of leverage over the past few quarters, as indicated by its debt-to-equity ratio. The ratio stood at 1.55 as of June 30, 2024, remaining consistent with the previous quarter. However, significant fluctuations have been observed in the ratio over the preceding quarters, ranging from 2.38 to 1.00.

The company's debt-to-equity ratio indicates the proportion of debt and equity financing used to fund its operations and investments. A ratio above 1 suggests that the company relies more on debt than equity for financing, which can pose financial risks during economic downturns or periods of high interest rates. In contrast, a ratio below 1 indicates a lower level of debt relative to equity.

The trend of Broadridge Financial Solutions Inc's recent debt-to-equity ratios shows that the company has experienced fluctuations in its leverage position. It is essential for investors and stakeholders to monitor these changes closely to assess the company's financial health and risk profile. Further analysis of the company's debt structure, cash flow generation, and overall financial performance would provide additional insights into its leverage position.