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