Maplebear Inc. (CART)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,115,000 | 3,926,000 | 4,027,000 | 4,097,000 | 4,727,000 | 4,421,000 | 3,787,000 | 3,715,000 | 3,669,000 | 3,669,000 | 3,030,000 | — | 2,961,000 | 2,961,000 | — | — | 622,535 |
| Total stockholders’ equity | US$ in thousands | 3,093,000 | 2,872,000 | 3,221,000 | 3,320,000 | 3,927,000 | 3,484,000 | 191,000 | 2,892,000 | -64,000 | 2,758,000 | 2,219,000 | 2,249,000 | 2,249,000 | 2,249,000 | — | 1,576,000 | 71,436 |
| Financial leverage ratio | 1.33 | 1.37 | 1.25 | 1.23 | 1.20 | 1.27 | 19.83 | 1.28 | — | 1.33 | 1.37 | 0.00 | 1.32 | 1.32 | — | 0.00 | 8.71 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,115,000K ÷ $3,093,000K
= 1.33
Maplebear Inc.'s financial leverage ratio has shown significant fluctuations over the analyzed period. The ratio was at a relatively high level of 8.71 in September 30, 2019, suggesting a high degree of financial leverage. However, by March 31, 2021, the ratio dropped to 0.00, indicating a significant reduction in the company's reliance on debt.
In the subsequent periods, there were fluctuations and missing data points in the financial leverage ratio. By September 30, 2021, and December 31, 2021, the ratio remained stable at 1.32, indicating that the company's level of financial leverage was consistent during that period.
The ratio then fluctuated in the following quarters, reaching a peak of 19.83 on June 30, 2023, which could indicate a substantial increase in debt relative to equity during that period. However, the ratio decreased significantly in the subsequent periods, stabilizing at levels around 1.20 to 1.37 by December 31, 2024.
Overall, the financial leverage ratio of Maplebear Inc. has shown volatility, with periods of high and low leverage. It is essential for the company to carefully manage its debt levels to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024