Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,357,460 | 1,338,150 | 1,318,960 | 1,297,320 | 1,297,240 | 1,183,270 | 1,231,890 | 1,319,420 | 1,337,400 | 1,341,690 | 1,378,400 |
| Total stockholders’ equity | US$ in thousands | 667,575 | 649,926 | 648,186 | 633,271 | 623,838 | 516,200 | 524,712 | 580,274 | 568,180 | 537,015 | 529,686 |
| Financial leverage ratio | 2.03 | 2.06 | 2.03 | 2.05 | 2.08 | 2.29 | 2.35 | 2.27 | 2.35 | 2.50 | 2.60 |
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 shown a fluctuating trend over the past eight quarters, ranging from 2.03 to 2.35. The financial leverage ratio indicates the proportion of the company's assets that are financed through debt rather than equity. A higher financial leverage ratio suggests that a larger portion of the company's assets is funded by debt, which can amplify returns in good times but also increase risks during economic downturns.
The company experienced a notable decrease in financial leverage ratio from Q4 2022 to Q1 2023, which suggests a reduction in the use of debt to finance its assets during that period. However, the ratio gradually increased in the following quarters, reaching a peak of 2.35 in Q3 2022, before declining slightly in the most recent quarter, Q4 2023.
Overall, the financial leverage ratio of Corsair Gaming Inc has been relatively stable within the range of 2.03 to 2.35, indicating a consistent reliance on debt financing. Investors and stakeholders should continue to monitor the company's financial leverage ratio to assess its risk exposure and financial stability.
Peer comparison
Dec 31, 2023