Fabrinet (FN)
Financial leverage ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 1,381,980 | 1,330,260 | 1,315,030 | 1,289,710 |
| Total stockholders’ equity | US$ in thousands | 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 | 974,409 | 933,409 | 928,327 | 890,695 |
| Financial leverage ratio | 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 | 1.42 | 1.43 | 1.42 | 1.45 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,338,520K ÷ $1,745,740K
= 1.34
Fabrinet's financial leverage ratio has been relatively stable over the past few quarters, ranging between 1.32 and 1.46. This indicates that the company relies moderately on debt financing to support its operations and growth initiatives. The trend shows a slight increase in leverage from the end of 2020 to mid-2022, before stabilizing around 1.45. Overall, the company's financial leverage ratio suggests a balanced approach to capital structure, with a reasonable level of debt compared to equity. It is important for investors and stakeholders to monitor this ratio to ensure the company's long-term financial health and sustainability.
Peer comparison
Jun 30, 2024