Broadridge Financial Solutions Inc (BR)
Financial leverage ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,242,400 | 8,233,200 | 8,168,800 | 8,119,800 | 4,889,800 |
| Total stockholders’ equity | US$ in thousands | 2,168,200 | 2,240,600 | 1,919,100 | 1,809,100 | 1,346,500 |
| Financial leverage ratio | 3.80 | 3.67 | 4.26 | 4.49 | 3.63 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,242,400K ÷ $2,168,200K
= 3.80
Broadridge Financial Solutions Inc's financial leverage ratio has fluctuated over the past five years, ranging from 3.63 in 2020 to 4.49 in 2021, indicating changes in the company's level of debt relative to its equity. The ratio decreased to 3.67 in 2023 before rising again to 3.80 in 2024.
A financial leverage ratio of 3.80 in 2024 suggests that Broadridge Financial Solutions Inc's debt comprises approximately 3.80 times its equity. This level of leverage indicates that the company is using a moderate amount of debt to finance its operations and investments. It is important for investors and stakeholders to monitor changes in the financial leverage ratio over time to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Jun 30, 2024