Envestnet Inc (ENV)

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	1,877,250	2,030,890	2,053,900	2,056,460	2,112,160	2,203,220	2,187,400	2,199,770	2,241,180	2,217,340	2,170,700	2,142,990	2,144,290	2,101,260	1,831,400	1,830,460	1,801,880	1,787,140	1,812,340	1,370,590
Total stockholders’ equity	US$ in thousands	568,191	743,796	722,513	725,614	754,567	940,758	933,165	951,449	957,089	944,435	917,117	914,141	976,337	954,673	875,795	865,569	869,094	862,263	855,251	622,719
Financial leverage ratio		3.30	2.73	2.84	2.83	2.80	2.34	2.34	2.31	2.34	2.35	2.37	2.34	2.20	2.20	2.09	2.11	2.07	2.07	2.12	2.20

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,877,250K ÷ $568,191K
= 3.30

The financial leverage ratio of Envestnet Inc. has been showing a general upward trend over the past year, indicating an increase in the company's reliance on debt to finance its operations and investments. The ratio has increased from 2.34 in Q1 2022 to 3.30 in Q4 2023. This suggests that Envestnet Inc. has been taking on more debt relative to its equity, which can increase the company's financial risk and impact its ability to meet its debt obligations in the future. It is important for investors and stakeholders to monitor this trend closely to assess the company's overall financial health and sustainability.