Dolby Laboratories (DLB)
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 | 3,109,930 | 2,973,640 | 3,044,730 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,477,160 | 2,432,850 | 2,420,900 | 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 |
| Financial leverage ratio | 1.26 | 1.22 | 1.26 | 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 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,109,930K ÷ $2,477,160K
= 1.26
The financial leverage ratio for Dolby Laboratories has displayed some variation over the past few quarters, ranging from 1.18 to 1.27. This ratio indicates the level of debt financing used by the company relative to its equity. A higher financial leverage ratio suggests that the company relies more on debt to finance its operations, which can amplify profits but also increase financial risk.
Dolby Laboratories' financial leverage ratio has generally been within a narrow range, indicating a balanced mix of debt and equity in its capital structure. The slight fluctuations in the ratio over the quarters suggest that the company may be adjusting its leverage levels in response to changes in business conditions or strategic objectives.
Overall, Dolby Laboratories' financial leverage ratio demonstrates a moderate level of debt utilization, which can be a prudent approach to funding growth and maximizing returns for shareholders. However, ongoing monitoring of this ratio is essential to ensure that the company maintains a sustainable and optimal capital structure.
Peer comparison
Sep 30, 2024