Dolby Laboratories (DLB)
Financial leverage ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,935,530 | 2,979,770 | 3,007,940 | 2,836,130 | 2,748,520 | 2,689,550 | 2,919,940 | 3,062,990 | 3,104,920 | 3,105,690 | 3,135,140 | 3,106,290 | 3,096,850 | 2,917,320 | 2,903,910 | 2,944,830 | 2,893,280 | 2,821,750 | 2,809,810 | 2,846,950 |
| Total stockholders’ equity | US$ in thousands | 2,345,850 | 2,355,100 | 2,366,240 | 2,350,780 | 2,287,580 | 2,246,180 | 2,454,360 | 2,599,770 | 2,637,750 | 2,597,980 | 2,621,520 | 2,587,930 | 2,565,160 | 2,432,640 | 2,431,370 | 2,364,060 | 2,333,290 | 2,307,350 | 2,314,520 | 2,347,020 |
| Financial leverage ratio | 1.25 | 1.27 | 1.27 | 1.21 | 1.20 | 1.20 | 1.19 | 1.18 | 1.18 | 1.20 | 1.20 | 1.20 | 1.21 | 1.20 | 1.19 | 1.25 | 1.24 | 1.22 | 1.21 | 1.21 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,935,530K ÷ $2,345,850K
= 1.25
The financial leverage ratio of Dolby Laboratories has shown relatively stable trends over the past years, ranging from 1.18 to 1.27. The ratio measures the extent to which the company utilizes debt in its capital structure. A higher ratio indicates a higher level of debt compared to equity financing.
Dolby Laboratories' financial leverage ratio has hovered around the 1.20 mark for the majority of the periods, suggesting a balanced mix of debt and equity in its capital structure. The slight fluctuations observed may indicate periodic adjustments in the company's financing strategies.
Overall, the consistent range of the financial leverage ratio implies that Dolby Laboratories has maintained a relatively stable capital structure over the past few years, balancing the benefits and risks associated with debt financing.
Peer comparison
Dec 31, 2023