Grid Dynamics Holdings Inc (GDYN)

Financial leverage ratio

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 Jun 30, 2020 Mar 31, 2020
Total assets US$ in thousands 592,192 477,252 443,622 435,261 435,165 435,750 431,238 419,587 411,146 390,145 278,173 275,802 256,719 304,688 173,133 160,297 167,135 157,801 153,544 154,202
Total stockholders’ equity US$ in thousands 517,829 400,247 388,449 382,811 382,907 372,924 366,562 359,885 363,044 350,838 232,925 231,252 227,051 275,566 143,012 140,247 151,728 150,005 145,977 144,430
Financial leverage ratio 1.14 1.19 1.14 1.14 1.14 1.17 1.18 1.17 1.13 1.11 1.19 1.19 1.13 1.11 1.21 1.14 1.10 1.05 1.05 1.07

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 fluctuated over the period analyzed. It started at 1.07 as at March 31, 2020, increased to 1.21 by June 30, 2021, and then gradually decreased to 1.14 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations and growth has varied over time. Overall, the financial leverage ratio has shown some volatility but has generally remained within a relatively narrow range, suggesting a stable debt structure over the period.