Corsair Gaming Inc (CRSR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,235,830 | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| Total stockholders’ equity | US$ in thousands | 604,303 | 667,575 | 623,838 | 568,180 | 437,390 |
| Financial leverage ratio | 2.05 | 2.03 | 2.08 | 2.35 | 3.00 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,235,830K ÷ $604,303K
= 2.05
The financial leverage ratio of Corsair Gaming Inc has shown a decreasing trend over the past five years. Starting at 3.00 in December 2020, the ratio has steadily decreased to 2.35 in December 2021, further declining to 2.08 in December 2022, and then to 2.03 in December 2023. By the end of December 2024, the ratio slightly increased to 2.05.
This reduction in the financial leverage ratio indicates that the company has been relying less on debt to finance its operations and investments over the years. A lower financial leverage ratio generally signifies a lower level of financial risk due to a lower dependence on debt capital, which can be seen as a positive sign for investors and creditors. However, it's crucial to assess the trend alongside other financial metrics to gain a comprehensive understanding of Corsair Gaming Inc's overall financial health and management of capital structure.
Peer comparison
Dec 31, 2024