Diodes Incorporated (DIOD)

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	2,386,280	2,389,380	2,361,060	2,356,170	2,367,660	2,340,220	2,341,070	2,285,560	2,288,310	2,362,560	2,285,040	2,165,460	2,194,500	2,041,910	1,992,970	1,990,340	1,979,460	2,032,650	1,937,160	1,620,270
Total stockholders’ equity	US$ in thousands	1,795,300	1,811,580	1,774,360	1,748,590	1,740,740	1,689,660	1,662,480	1,595,460	1,513,640	1,395,920	1,353,320	1,297,500	1,237,240	1,156,060	1,082,580	1,002,570	963,820	1,198,570	1,143,380	1,125,030
Financial leverage ratio		1.33	1.32	1.33	1.35	1.36	1.39	1.41	1.43	1.51	1.69	1.69	1.67	1.77	1.77	1.84	1.99	2.05	1.70	1.69	1.44

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,386,280K ÷ $1,795,300K
= 1.33

The financial leverage ratio of Diodes Incorporated has shown a fluctuating trend over the past few years. The ratio increased steadily from 1.44 as of March 31, 2020, to a peak of 2.05 by December 31, 2020. Subsequently, there was a slight decrease in the ratio to 1.99 as of March 31, 2021, before fluctuating around the range of 1.67 to 1.84 throughout 2021 and 2022.

However, starting from December 31, 2022, the financial leverage ratio began to show a downward trend, dropping progressively to 1.33 as of December 31, 2024. This signifies a reduction in the company's reliance on debt to finance its operations and indicates a potentially healthier financial position in terms of leverage.

Overall, the trend in Diodes Incorporated's financial leverage ratio suggests that the company has been actively managing its debt levels to maintain a balanced capital structure and potentially reduce financial risk over the years.