Globus Medical (GMED)

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	5,086,080	5,355,880	2,212,460	2,149,620	2,076,130	1,976,510	1,914,710	1,998,690	1,957,260	1,910,580	1,830,210	1,737,890	1,679,480	1,541,740	1,465,800	1,479,360	1,532,080	1,452,180	1,390,750	1,335,920
Total stockholders’ equity	US$ in thousands	3,997,960	4,187,280	1,985,060	1,914,820	1,846,370	1,764,110	1,699,090	1,785,370	1,741,390	1,718,270	1,639,270	1,562,990	1,506,300	1,417,200	1,336,920	1,363,370	1,402,450	1,338,800	1,287,530	1,237,210
Financial leverage ratio		1.27	1.28	1.11	1.12	1.12	1.12	1.13	1.12	1.12	1.11	1.12	1.11	1.11	1.09	1.10	1.09	1.09	1.08	1.08	1.08

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,086,080K ÷ $3,997,960K
= 1.27

The financial leverage ratio of Globus Medical Inc has exhibited slight fluctuations over the past eight quarters, ranging from 1.11 to 1.28. The values have generally been close to each other, indicating relative stability in the company's capital structure. The ratio peaked in Q3 2023 at 1.28, suggesting a relatively higher level of financial leverage compared to the other quarters examined. Overall, the consistency of the financial leverage ratio around the range of 1.11 to 1.13 implies that Globus Medical Inc has maintained a balance between debt and equity in its capital structure over the period analyzed.