Graham Holdings Co (GHC)

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	7,677,200	7,420,820	7,234,050	7,255,130	7,187,730	6,689,190	6,603,960	6,542,200	6,582,220	7,277,130	7,161,300	7,360,140	7,425,520	6,679,470	6,576,540	6,518,420	6,444,120	5,811,510	5,672,320	5,645,820
Total stockholders’ equity	US$ in thousands	4,256,660	4,004,300	3,968,090	4,043,490	3,975,740	3,688,500	3,809,480	3,747,220	3,731,380	4,259,710	4,308,690	4,460,160	4,399,580	3,963,840	3,968,090	3,857,620	3,759,300	3,239,810	3,206,670	3,206,060
Financial leverage ratio		1.80	1.85	1.82	1.79	1.81	1.81	1.73	1.75	1.76	1.71	1.66	1.65	1.69	1.69	1.66	1.69	1.71	1.79	1.77	1.76

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,677,200K ÷ $4,256,660K
= 1.80

The financial leverage ratio of Graham Holdings Co has fluctuated over the periods analyzed, ranging between 1.65 and 1.85. This ratio indicates the company's level of debt relative to its equity, with values above 1 suggesting a higher reliance on debt financing. The trend shows a slight increase from 1.65 in March 2022 to 1.85 in September 2024, possibly indicating an increase in debt relative to equity during this period. However, the ratio decreased to 1.80 by December 2024. Overall, the company's financial leverage ratio demonstrates variability, and further analysis of the company's debt repayment capacity and liquidity would provide a more comprehensive assessment of its financial health.