CEVA Inc (CEVA)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	304,085	308,442	328,659	306,952	297,021
Total stockholders’ equity	US$ in thousands	264,341	258,871	276,732	260,889	251,157
Financial leverage ratio		1.15	1.19	1.19	1.18	1.18

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $304,085K ÷ $264,341K
= 1.15

The financial leverage ratio of CEVA Inc has ranged between 1.15 and 1.19 over the past five years. This ratio indicates the extent to which the company relies on debt financing to support its operations and growth. A higher financial leverage ratio suggests a higher level of debt relative to equity in the company's capital structure.

The slight fluctuations in CEVA Inc's financial leverage ratio from 1.15 to 1.19 indicate that the company has maintained a relatively stable level of leverage over the years. A ratio around 1.15 to 1.19 suggests that the company has been utilizing a moderate amount of debt to finance its operations, while still maintaining a reasonable level of equity in its capital structure.

Overall, the financial leverage ratio of CEVA Inc demonstrates a consistent approach to balancing debt and equity in its capital structure over the past five years, indicating a cautious approach to leveraging and financial risk management.