Genpact Limited (G)
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 | 4,805,710 | 4,598,770 | 4,482,340 | 4,505,840 | 4,588,810 | 4,536,670 | 4,540,380 | 4,971,270 | 4,975,270 | 5,049,130 | 4,898,590 | 4,787,920 | 4,873,510 | 4,803,640 | 4,846,090 | 4,402,780 | 4,454,180 | 4,097,760 | 4,012,760 | 3,904,810 |
| Total stockholders’ equity | US$ in thousands | 2,248,390 | 2,009,450 | 1,932,860 | 1,925,330 | 1,826,160 | 1,731,850 | 1,750,440 | 1,847,390 | 1,897,130 | 1,952,890 | 1,838,970 | 1,749,620 | 1,834,230 | 1,777,180 | 1,660,610 | 1,573,080 | 1,689,170 | 1,605,680 | 1,583,370 | 1,495,170 |
| Financial leverage ratio | 2.14 | 2.29 | 2.32 | 2.34 | 2.51 | 2.62 | 2.59 | 2.69 | 2.62 | 2.59 | 2.66 | 2.74 | 2.66 | 2.70 | 2.92 | 2.80 | 2.64 | 2.55 | 2.53 | 2.61 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,805,710K ÷ $2,248,390K
= 2.14
Genpact Ltd's financial leverage ratio has been gradually decreasing over the past eight quarters, indicating a trend towards lower levels of debt relative to equity. The ratio has decreased from 2.69 in Q1 2022 to 2.14 in Q4 2023. This suggests that the company has been reducing its reliance on debt financing and potentially strengthening its financial position by increasing its equity base. A decreasing financial leverage ratio often indicates lower financial risk and greater financial stability for the company. It is worth noting that a lower financial leverage ratio may also imply reduced profitability as a result of lower leverage, but it could enhance the company's ability to weather economic downturns and adapt to changing market conditions.
Peer comparison
Dec 31, 2023