CSG Systems International Inc (CSGS)

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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total assets	US$ in thousands	1,443,050	1,329,600	1,293,070	1,296,010	1,348,550	1,259,140	1,290,680	1,303,330	1,387,150	1,364,760	1,291,680	1,274,480	1,332,000	1,271,820	1,269,380	1,224,460	1,283,030	1,207,160	1,179,720	1,147,050
Total stockholders’ equity	US$ in thousands	273,326	260,491	383,311	368,223	355,249	344,305	377,022	410,537	436,609	439,989	439,780	427,715	422,395	409,927	397,622	386,831	396,662	382,036	374,324	367,510
Financial leverage ratio		5.28	5.10	3.37	3.52	3.80	3.66	3.42	3.17	3.18	3.10	2.94	2.98	3.15	3.10	3.19	3.17	3.23	3.16	3.15	3.12

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,443,050K ÷ $273,326K
= 5.28

The financial leverage ratio of CSG Systems International Inc. has fluctuated over the past eight quarters, ranging from a low of 3.17 in Q1 2022 to a high of 5.28 in Q4 2023. A high financial leverage ratio indicates that the company relies more on debt to finance its operations and investments, which can amplify returns but also increase financial risk.

Overall, the trend in CSG Systems International Inc.'s financial leverage ratio appears to have been increasing recently, with a sharp spike in Q4 2023. This may suggest that the company has been taking on more debt relative to its equity, potentially signaling higher financial risk. It would be prudent for stakeholders to closely monitor the company's debt levels and financial health to ensure sustainable growth and stability.