Fulgent Genetics Inc (FLGT)
Financial leverage ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,219,960 | 1,233,760 | 1,232,240 | 1,229,880 | 1,273,110 | 1,358,400 | 1,354,580 | 1,376,770 | 1,386,050 | 1,405,780 | 1,461,660 | 1,465,590 | 1,278,720 | 1,204,670 | 1,049,860 | 999,083 | 700,461 | 247,311 | 95,915 | 89,325 |
| Total stockholders’ equity | US$ in thousands | 1,133,230 | 1,138,440 | 1,132,550 | 1,129,940 | 1,136,100 | 1,258,700 | 1,259,760 | 1,268,920 | 1,269,880 | 1,281,400 | 1,304,760 | 1,312,960 | 1,165,880 | 1,036,780 | 920,725 | 801,566 | 569,387 | 186,955 | 87,043 | 81,372 |
| Financial leverage ratio | 1.08 | 1.08 | 1.09 | 1.09 | 1.12 | 1.08 | 1.08 | 1.08 | 1.09 | 1.10 | 1.12 | 1.12 | 1.10 | 1.16 | 1.14 | 1.25 | 1.23 | 1.32 | 1.10 | 1.10 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,219,960K ÷ $1,133,230K
= 1.08
The financial leverage ratio of Fulgent Genetics Inc over the period from March 31, 2020, to December 31, 2024, has remained relatively stable, varying between 1.08 and 1.32. This ratio reflects the company's reliance on debt financing to support its operations and growth initiatives.
The trend indicates that Fulgent Genetics has been maintaining a conservative level of financial leverage, with the ratio generally staying close to the 1.10 to 1.15 range. This suggests that the company has a balanced approach to using debt to fund its activities while also maintaining a healthy equity base.
Overall, the consistent financial leverage ratio implies that Fulgent Genetics has been managing its debt levels effectively, indicating a prudent financial strategy that balances the benefits of leverage with the risks associated with higher debt obligations.
Peer comparison
Dec 31, 2024