CACI International Inc (CACI)

Financial leverage 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
Total assets	US$ in thousands	6,796,100	6,804,380	6,658,440	6,737,470	6,600,810	6,651,560	6,554,550	6,524,880	6,629,430	6,576,750	6,750,690	6,179,310	6,172,370	5,970,420	5,851,480	5,950,370	5,542,470	5,546,480	5,526,700	5,438,180
Total stockholders’ equity	US$ in thousands	3,518,070	3,365,230	3,235,490	3,163,900	3,224,200	3,089,500	3,250,110	3,148,440	3,053,410	2,960,750	2,845,580	2,754,990	2,665,140	2,519,260	2,884,140	2,771,630	2,661,180	2,563,500	2,508,440	2,425,120
Financial leverage ratio		1.93	2.02	2.06	2.13	2.05	2.15	2.02	2.07	2.17	2.22	2.37	2.24	2.32	2.37	2.03	2.15	2.08	2.16	2.20	2.24

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,796,100K ÷ $3,518,070K
= 1.93

The financial leverage ratio of CACI International Inc has exhibited fluctuation over the periods presented. The ratio increased from 1.93 at the end of December 2019 to a peak of 2.37 at the end of March 2022, indicating a higher level of financial leverage during this time frame. Subsequently, there was a slight decrease in the ratio by the end of December 2022, before reaching another peak of 2.37 at the end of March 2021.

From March 2021 onwards, the financial leverage ratio started to decline gradually, reaching 2.02 at the end of March 2024. This signified a reduction in the company's financial leverage compared to the earlier peak levels observed. Overall, the trend in the financial leverage ratio suggests fluctuations in the company's use of debt to finance its operations and investments during the period under review.