Catalent Inc (CTLT)

Financial leverage ratio

		Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	9,753,000	9,879,000	9,988,000	10,023,000	10,777,000	10,830,000	11,148,000	10,206,000	10,508,000	10,322,000	10,203,000	10,183,000	9,112,000	8,769,100	8,198,100	7,984,200	7,777,000	7,079,600	6,195,300	6,119,500
Total stockholders’ equity	US$ in thousands	3,604,000	3,611,000	3,687,000	3,841,000	4,611,000	4,703,000	4,892,000	4,680,000	4,775,000	4,632,000	4,481,000	4,021,000	3,915,000	3,713,200	3,455,500	3,072,100	2,899,000	2,187,700	1,716,100	1,649,300
Financial leverage ratio		2.71	2.74	2.71	2.61	2.34	2.30	2.28	2.18	2.20	2.23	2.28	2.53	2.33	2.36	2.37	2.60	2.68	3.24	3.61	3.71

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,753,000K ÷ $3,604,000K
= 2.71

The financial leverage ratio of Catalent Inc has shown some fluctuations over the past few quarters, averaging around 2.50. This ratio indicates that the company relies more on debt financing rather than equity to fund its operations and investments.

In recent quarters, the financial leverage ratio has decreased from a high of 3.71 in Q4 2019 to a low of 2.18 in Q3 2022. This suggests that the company has been gradually reducing its reliance on debt to finance its activities. However, the ratio has started to increase again in more recent quarters, reaching a value of 2.74 in Q1 2024.

Overall, the financial leverage ratio of Catalent Inc has been relatively stable, with fluctuations reflecting changes in the company's capital structure and debt levels. It is important for investors and stakeholders to closely monitor this ratio to assess the company's financial risk and stability.