Dropbox Inc (DBX)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,983,500 | 3,110,100 | 3,091,300 | 2,387,200 | 2,699,200 |
| Total stockholders’ equity | US$ in thousands | -165,800 | -309,400 | -293,900 | 333,800 | 808,400 |
| Financial leverage ratio | — | — | — | 7.15 | 3.34 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,983,500K ÷ $-165,800K
= —
The financial leverage ratio of Dropbox Inc has shown a significant increase over the past five years, rising from 3.34 in 2019 to 7.15 in 2020. The lack of data provided for the years 2021, 2022, and 2023 limits a detailed year-over-year analysis. However, based on the available data, the trend indicates a notable increase in financial leverage, suggesting that the company has been relying more on debt financing to support its operations and growth. This heightened level of leverage may pose risks in terms of increased financial obligations and interest expenses, potentially impacting the company's financial stability and flexibility. Further analysis and context surrounding the company's debt management strategies and overall financial health would be necessary to fully understand the implications of this trend.
Peer comparison
Dec 31, 2023