CEVA Inc (CEVA)

Financial leverage ratio

		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	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	304,085	295,987	300,273	311,134	308,442	294,814	319,407	335,040	328,659	317,711	310,625	315,533	306,952	301,564	296,306	295,917	297,021	293,925	284,765	286,832
Total stockholders’ equity	US$ in thousands	264,341	256,700	258,584	259,870	258,871	252,297	273,715	278,079	276,732	269,742	265,016	261,649	260,889	256,571	252,381	249,272	251,157	249,360	244,645	245,312
Financial leverage ratio		1.15	1.15	1.16	1.20	1.19	1.17	1.17	1.20	1.19	1.18	1.17	1.21	1.18	1.18	1.17	1.19	1.18	1.18	1.16	1.17

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 been relatively stable over the past eight quarters, ranging between 1.15 to 1.20. The ratio indicates that the company has been utilizing a moderate level of debt to finance its operations and growth initiatives.

A financial leverage ratio of 1.15 to 1.20 suggests that for every dollar of equity, Ceva Inc. has approximately $1.15 to $1.20 of debt. This indicates that the company has a healthy balance between debt and equity in its capital structure.

Overall, the consistent levels of the financial leverage ratio suggest that Ceva Inc. has been managing its debt levels effectively without significantly increasing its financial risk. However, it is essential for the company to continue monitoring and maintaining an appropriate level of leverage to support its growth and sustainability in the long term.