Godaddy Inc (GDDY)

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	7,564,900	6,499,200	6,793,900	7,092,300	6,973,500	7,072,900	6,904,100	6,901,300	7,417,100	7,298,000	7,362,100	7,259,300	6,432,900	6,207,800	6,092,100	6,162,200	6,301,200	6,167,600	6,448,900	6,350,600
Total stockholders’ equity	US$ in thousands	62,200	-976,300	-667,100	-357,900	-331,800	-278,400	-447,200	-470,500	81,700	-102,800	-33,300	-72,800	-12,900	-164,200	-261,300	480,700	772,000	667,900	945,100	910,400
Financial leverage ratio		121.62	—	—	—	—	—	—	—	90.78	—	—	—	—	—	—	12.82	8.16	9.23	6.82	6.98

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,564,900K ÷ $62,200K
= 121.62

The financial leverage ratio of Godaddy Inc for Q4 2023 is recorded at 121.62. This ratio indicates that the company is utilizing significant amounts of debt to finance its operations and investments, relative to its equity. A high financial leverage ratio can amplify returns on equity when business is booming, but it also carries higher risk as it increases the company's financial obligations and interest payments. It is important for investors and stakeholders to closely monitor how Godaddy Inc manages its debt levels to ensure sustainable growth and financial stability. Additionally, without data for previous quarters, it is difficult to assess the trend or compare the current ratio against historical performance.