F5 Networks Inc (FFIV)

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	5,613,000	5,414,450	5,384,670	5,348,860	5,248,330	5,119,160	5,223,250	5,085,570	5,276,190	5,021,290	5,077,170	5,086,910	4,997,280	4,785,120	4,519,190	4,899,340	4,677,920	4,573,360	4,440,980	3,875,360
Total stockholders’ equity	US$ in thousands	3,129,380	3,010,740	2,933,270	2,860,980	2,800,230	2,657,500	2,725,560	2,582,350	2,468,980	2,322,980	2,397,130	2,405,360	2,360,210	2,192,170	2,007,820	2,401,590	2,232,270	2,153,900	1,998,190	1,929,460
Financial leverage ratio		1.79	1.80	1.84	1.87	1.87	1.93	1.92	1.97	2.14	2.16	2.12	2.11	2.12	2.18	2.25	2.04	2.10	2.12	2.22	2.01

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,613,000K ÷ $3,129,380K
= 1.79

The financial leverage ratio of F5 Networks Inc has shown a fluctuating trend over the past few quarters. The ratio has ranged from a low of 1.79 to a high of 2.25, indicating varying degrees of financial leverage during this period.

The ratio peaked at 2.25 in March 2021 before declining slightly and then gradually increasing again to reach 2.16 in June 2022. Subsequently, there was a spike in the ratio to 2.14 in September 2022, followed by a further increase to 2.16 in June 2023.

However, from September 2023 onwards, the financial leverage ratio experienced a downward trend, reaching a low of 1.79 in September 2024. This indicates a decrease in the company's reliance on debt financing relative to its equity.

Overall, the financial leverage ratio of F5 Networks Inc has demonstrated variability over the analyzed period, suggesting changes in the company's capital structure and financial risk profile.