Salesforce.com Inc (CRM)

Financial leverage ratio

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Total assets	US$ in thousands	99,823,000	91,022,000	92,447,000	93,541,000	98,849,000	91,884,000	94,148,000	93,022,000	95,209,000	87,436,000	88,658,000	64,885,000	66,301,000	59,136,000	57,780,000	53,623,000	55,126,000	49,942,000	33,336,000	33,154,000
Total stockholders’ equity	US$ in thousands	59,646,000	58,090,000	58,082,000	57,412,000	58,359,000	59,351,000	60,098,000	58,876,000	58,131,000	57,054,000	55,520,000	42,567,000	41,493,000	40,310,000	38,440,000	34,565,000	33,885,000	33,279,000	17,166,000	16,446,000
Financial leverage ratio		1.67	1.57	1.59	1.63	1.69	1.55	1.57	1.58	1.64	1.53	1.60	1.52	1.60	1.47	1.50	1.55	1.63	1.50	1.94	2.02

January 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $99,823,000K ÷ $59,646,000K
= 1.67

The financial leverage ratio of Salesforce Inc has been relatively stable over the past eight quarters, ranging from 1.55 to 1.69. The ratio indicates that the company's capital structure relies more on debt than equity, with an average leverage ratio of approximately 1.61 during this period. This suggests that Salesforce has a moderate level of financial leverage, which may provide opportunities for growth through debt financing but also exposes the company to risks associated with higher debt levels. Overall, the consistent range of the financial leverage ratio indicates that Salesforce has been maintaining a relatively stable capital structure in recent quarters.