3D Systems Corporation (DDD)
Financial leverage ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 857,236 | 990,660 | 1,392,750 | 1,431,700 | 1,442,290 | 1,446,610 | 1,431,370 | 1,481,960 | 1,506,560 | 1,549,100 | 1,005,100 | 712,293 | 705,507 | 733,055 | 707,282 | 751,211 | 783,712 | 807,312 | 822,763 | 877,551 |
| Total stockholders’ equity | US$ in thousands | 410,331 | 428,759 | 701,466 | 712,955 | 731,448 | 751,704 | 735,910 | 785,807 | 826,876 | 842,381 | 749,150 | 466,539 | 462,133 | 430,723 | 428,518 | 463,428 | 488,669 | 522,159 | 514,749 | 536,832 |
| Financial leverage ratio | 2.09 | 2.31 | 1.99 | 2.01 | 1.97 | 1.92 | 1.95 | 1.89 | 1.82 | 1.84 | 1.34 | 1.53 | 1.53 | 1.70 | 1.65 | 1.62 | 1.60 | 1.55 | 1.60 | 1.63 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $857,236K ÷ $410,331K
= 2.09
The financial leverage ratio for 3D Systems Corporation has shown fluctuations over the past few quarters, ranging from a low of 1.34 to a high of 2.31. A higher financial leverage ratio indicates higher financial risk, as the company relies more on debt to finance its operations.
From the data provided, we can observe that the financial leverage ratio has generally been trending upwards since the end of 2021, peaking at 2.31 in December 2023. This suggests that the company has been increasing its reliance on debt financing relative to equity during this period. However, the ratio slightly decreased to 2.09 in March 2024, indicating a potential decrease in financial risk.
It is essential for investors and stakeholders to closely monitor changes in the financial leverage ratio, as significant fluctuations may signal shifts in the company's capital structure and risk profile. A thorough analysis of the factors driving these changes, such as changes in debt levels or profitability, is crucial for a comprehensive understanding of the company's financial health and risk exposure.
Peer comparison
Mar 31, 2024