Corsair Gaming Inc (CRSR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| Total stockholders’ equity | US$ in thousands | 667,575 | 623,838 | 568,180 | 437,390 |
| Financial leverage ratio | 2.03 | 2.08 | 2.35 | 3.00 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,357,460K ÷ $667,575K
= 2.03
Corsair Gaming Inc's financial leverage ratio has been declining over the past five years, indicating a trend towards lower leverage. The ratio dropped from 4.89 in 2019 to 2.03 in 2023, reflecting a significant reduction in debt relative to equity. A lower financial leverage ratio suggests that the company is relying less on debt financing and is becoming less risky in terms of its capital structure. This trend may be a positive sign for investors and stakeholders, as it signifies improved financial stability and reduced potential financial distress. Overall, the decreasing trend in Corsair Gaming Inc's financial leverage ratio indicates a more conservative approach to financing operations over the years.
Peer comparison
Dec 31, 2023