Gen Digital Inc. (GEN)
Financial leverage ratio
| 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 | Jul 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,772,000 | 16,282,000 | 16,411,000 | 15,787,000 | 15,947,000 | 15,503,000 | 15,882,000 | 6,247,000 | 6,943,000 | 6,873,000 | 6,733,000 | 6,565,000 | 6,361,000 | 6,357,000 | 6,313,000 | 6,405,000 | 7,735,000 | 18,547,000 | 16,229,000 | 15,369,000 |
| Total stockholders’ equity | US$ in thousands | 2,197,000 | 2,418,000 | 2,414,000 | 2,337,000 | 2,200,000 | 1,310,000 | 1,698,000 | -299,000 | -93,000 | -98,000 | -232,000 | -497,000 | -500,000 | -492,000 | -476,000 | -503,000 | 10,000 | 8,677,000 | 6,112,000 | 5,250,000 |
| Financial leverage ratio | 7.18 | 6.73 | 6.80 | 6.76 | 7.25 | 11.83 | 9.35 | — | — | — | — | — | — | — | — | — | 773.50 | 2.14 | 2.66 | 2.93 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,772,000K ÷ $2,197,000K
= 7.18
The financial leverage ratio of Gen Digital Inc. has shown fluctuations over the periods provided. The ratio was relatively stable around 6.7 to 7.3 from March 2023 to March 2024, suggesting consistent financial leverage during this timeframe. However, a significant spike was observed in December 2022, with a ratio of 11.83, indicating a sudden increase in the company's financial leverage at that point.
The spike in December 2022 could potentially signal a period of increased risk due to high debt levels relative to the company's equity. It is important to investigate the reasons behind this sudden increase in leverage to assess the company's financial health and risk management strategies.
Furthermore, the absence of data for June 2022 to December 2023 limits a comprehensive analysis of the trend in the financial leverage ratio over the longer term. A detailed examination of the company's financial statements and external factors affecting its capital structure would provide a deeper understanding of the dynamics influencing the financial leverage ratio of Gen Digital Inc.
Peer comparison
Mar 31, 2024