3D Systems Corporation (DDD)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	990,660	1,446,610	1,549,100	733,055	807,312
Total stockholders’ equity	US$ in thousands	428,759	751,704	842,381	430,723	522,159
Financial leverage ratio		2.31	1.92	1.84	1.70	1.55

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $990,660K ÷ $428,759K
= 2.31

The financial leverage ratio of 3D Systems Corporation has been showing an increasing trend over the past five years. Based on the data provided, the financial leverage ratio has steadily risen from 1.55 in 2019 to 2.31 in 2023. This indicates that the company's reliance on debt to finance its operations and investments has been growing.

A financial leverage ratio above 1 signifies that the company is using more debt than equity to fund its operations, which can amplify returns in good times but also increases financial risk during economic downturns or periods of instability.

The continuous increase in the financial leverage ratio may indicate that 3D Systems Corporation has been taking on more debt to support its growth strategies or other financial obligations. It is important for investors and stakeholders to closely monitor the company's debt levels and repayment capabilities to assess the potential risks associated with its leverage position.