eBay Inc (EBAY)

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	21,620,000	21,184,000	19,956,000	20,004,000	20,850,000	19,097,000	19,653,000	22,980,000	26,626,000	29,257,000	31,823,000	18,731,000	19,310,000	18,421,000	20,014,000	18,929,000	18,174,000	18,714,000	21,169,000	22,329,000
Total stockholders’ equity	US$ in thousands	6,396,000	5,899,000	5,268,000	5,387,000	5,153,000	4,853,000	5,243,000	7,054,000	9,778,000	10,945,000	13,016,000	3,770,000	3,561,000	2,920,000	2,902,000	2,115,000	2,870,000	3,270,000	4,106,000	5,203,000
Financial leverage ratio		3.38	3.59	3.79	3.71	4.05	3.94	3.75	3.26	2.72	2.67	2.44	4.97	5.42	6.31	6.90	8.95	6.33	5.72	5.16	4.29

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $21,620,000K ÷ $6,396,000K
= 3.38

The financial leverage ratio of EBay Inc. has shown some fluctuation over the past eight quarters. The ratio, which measures the proportion of debt in the company's capital structure, ranged from 3.26 to 4.05 during this period.

The trend in the financial leverage ratio indicates that the company has been relying more on debt financing compared to equity. A higher ratio suggests a higher level of financial risk due to increased reliance on debt, which could potentially lead to higher interest expenses and financial instability during challenging economic conditions.

It is essential for investors and stakeholders to closely monitor EBay's financial leverage ratio to assess the company's ability to meet its debt obligations and evaluate its overall financial health and risk profile.