Quest Diagnostics Incorporated (DGX)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,153,000 | 16,095,000 | 13,881,000 | 13,954,000 | 14,022,000 | 13,482,000 | 13,425,000 | 12,794,000 | 12,837,000 | 13,223,000 | 13,312,000 | 13,442,000 | 13,611,000 | 13,572,000 | 12,861,000 | 13,931,000 | 14,026,000 | 14,143,000 | 12,990,000 | 12,049,000 |
| Total stockholders’ equity | US$ in thousands | 6,778,000 | 6,809,000 | 6,617,000 | 6,432,000 | 6,307,000 | 6,425,000 | 6,249,000 | 6,050,000 | 5,893,000 | 6,235,000 | 6,411,000 | 6,377,000 | 6,444,000 | 6,392,000 | 5,899,000 | 6,745,000 | 6,759,000 | 6,400,000 | 5,831,000 | 5,657,000 |
| Financial leverage ratio | 2.38 | 2.36 | 2.10 | 2.17 | 2.22 | 2.10 | 2.15 | 2.11 | 2.18 | 2.12 | 2.08 | 2.11 | 2.11 | 2.12 | 2.18 | 2.07 | 2.08 | 2.21 | 2.23 | 2.13 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,153,000K ÷ $6,778,000K
= 2.38
The financial leverage ratio of Quest Diagnostics Incorporated has been relatively stable over the past few years, ranging between 2.07 and 2.38. This ratio indicates that the company relies on a moderate level of debt financing to support its operations and investments. An increasing trend in the financial leverage ratio may suggest that the company is taking on more debt, which could increase financial risk. On the other hand, a decreasing trend may indicate that the company is paying off its debt or relying more on equity financing. Overall, a financial leverage ratio of around 2.0 to 2.5 is typically considered normal for many companies, indicating a balanced mix of debt and equity in their capital structure.
Peer comparison
Dec 31, 2024