Grid Dynamics Holdings Inc (GDYN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 592,192 | 435,165 | 411,146 | 256,719 | 167,135 |
| Total stockholders’ equity | US$ in thousands | 517,829 | 382,907 | 363,044 | 227,051 | 151,728 |
| Financial leverage ratio | 1.14 | 1.14 | 1.13 | 1.13 | 1.10 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $592,192K ÷ $517,829K
= 1.14
The financial leverage ratio of Grid Dynamics Holdings Inc has been gradually increasing over the past few years, from 1.10 in December 2020 to 1.14 by December 2024. This indicates that the company is relying more on debt financing in relation to its equity. A higher financial leverage ratio suggests a higher level of financial risk, as the company has a larger proportion of debt in its capital structure compared to equity. Investors and creditors should closely monitor this trend to assess the company's ability to meet its debt obligations and maintain financial stability.
Peer comparison
Dec 31, 2024