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.


Peer comparison

Dec 31, 2023