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 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
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 1,333,430 1,314,120 1,255,720
Total stockholders’ equity US$ in thousands 667,575 649,926 648,186 633,271 623,838 516,200 524,712 580,274 568,180 537,015 529,686 487,707 437,390 388,552
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 2.73 3.00 3.23

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

Company name
Symbol
Financial leverage ratio
Corsair Gaming Inc
CRSR
2.03
Fortinet Inc
FTNT
Palo Alto Networks Inc
PANW
3.87
Xerox Corp
XRX
3.94