Fabrinet (FN)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,831,430 | 2,619,300 | 2,542,400 | 2,439,010 | 2,338,520 | 2,237,020 | 2,133,140 | 2,019,220 | 1,979,650 | 2,028,800 | 1,968,020 | 1,864,390 | 1,835,640 | 1,780,140 | 1,750,800 | 1,680,620 | 1,616,120 | 1,501,830 | 1,497,640 | 1,425,410 |
| Total stockholders’ equity | US$ in thousands | 1,981,810 | 1,907,190 | 1,842,970 | 1,826,600 | 1,745,740 | 1,660,240 | 1,611,380 | 1,530,170 | 1,468,660 | 1,441,580 | 1,384,130 | 1,302,370 | 1,253,680 | 1,228,730 | 1,199,190 | 1,146,000 | 1,112,520 | 1,073,510 | 1,036,670 | 1,000,700 |
| Financial leverage ratio | 1.43 | 1.37 | 1.38 | 1.34 | 1.34 | 1.35 | 1.32 | 1.32 | 1.35 | 1.41 | 1.42 | 1.43 | 1.46 | 1.45 | 1.46 | 1.47 | 1.45 | 1.40 | 1.44 | 1.42 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,831,430K ÷ $1,981,810K
= 1.43
The financial leverage ratio of Fabrinet demonstrates a relatively stable pattern over the analyzed period, with values consistently hovering around the 1.3 to 1.5 range. Starting at 1.42 on September 30, 2020, the ratio experienced slight fluctuations, reaching a peak of 1.47 in September 2021 and maintaining a similar level through most of 2022. Notably, the ratio declined gradually after June 2022, reaching its lowest point of 1.32 in September 2023.
This downward trend indicates a modest reduction in leverage, signifying that the company has slightly decreased its reliance on debt relative to equity during this period. The ratio remains within a narrow band, suggesting a consistent approach to leverage management, with no significant spikes or drops that would imply drastic changes in capital structure or risk appetite.
In the most recent data, the ratio slightly increased again to 1.43 by June 2025, returning closer to its earlier levels, which may reflect a cautious rebalancing of debt in relation to equity.
Overall, the pattern of Fabrinet’s financial leverage ratio indicates prudent leverage practices with minor fluctuations, implying a stable leverage position and a balanced approach towards the utilization of debt financing over the analyzed timeframe.
Peer comparison
Jun 30, 2025