Walt Disney Company (DIS)
Financial leverage ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 196,219,000 | 197,772,000 | 195,110,000 | 197,774,000 | 205,579,000 | 203,783,000 | 204,858,000 | 202,124,000 | 203,631,000 | 204,074,000 | 202,453,000 | 203,311,000 | 203,609,000 | 202,221,000 | 200,250,000 | 201,888,000 | 201,549,000 | 207,649,000 | 206,294,000 | 200,948,000 |
| Total stockholders’ equity | US$ in thousands | 100,696,000 | 100,622,000 | 99,252,000 | 100,721,000 | 99,277,000 | 97,610,000 | 97,859,000 | 96,149,000 | 95,008,000 | 92,500,000 | 90,636,000 | 89,864,000 | 88,553,000 | 86,741,000 | 85,540,000 | 84,071,000 | 83,583,000 | 85,866,000 | 90,407,000 | 89,757,000 |
| Financial leverage ratio | 1.95 | 1.97 | 1.97 | 1.96 | 2.07 | 2.09 | 2.09 | 2.10 | 2.14 | 2.21 | 2.23 | 2.26 | 2.30 | 2.33 | 2.34 | 2.40 | 2.41 | 2.42 | 2.28 | 2.24 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $196,219,000K ÷ $100,696,000K
= 1.95
Over the past few years, Walt Disney Company's financial leverage ratio has shown a relatively stable trend, hovering around the range of 1.95 to 2.42. The financial leverage ratio measures a company's use of debt financing relative to its equity. A higher ratio indicates a higher level of debt compared to equity in the company's capital structure.
From the data provided, it can be observed that the financial leverage ratio has fluctuated slightly but generally remained within a narrow band. The ratio peaked at 2.42 in the first quarter of 2020 before gradually decreasing to 1.95 in the most recent quarter, which indicates a reduction in debt relative to equity.
Overall, Walt Disney Company's financial leverage appears to be within a reasonable range, suggesting a balanced approach to capital structure management. However, it is essential for investors and analysts to continue monitoring the company's leverage ratio to assess its financial risk and debt sustainability.
Peer comparison
Sep 30, 2024