Hims Hers Health Inc (HIMS)
Financial leverage ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 602,261 | 480,500 | 448,106 | 441,186 | 413,865 | 389,884 | 376,306 | 366,341 | 382,827 | 379,965 | 382,039 | 420,585 | 420,069 | 347,699 | 345,900 | 118,697 | 205,814 | 206,201 | 206,287 | 204,765 |
| Total stockholders’ equity | US$ in thousands | 440,051 | 361,966 | 344,482 | 344,029 | 328,562 | 320,071 | 312,745 | 311,741 | 310,946 | 319,059 | 327,715 | 334,619 | 355,153 | 293,054 | 292,466 | -146,874 | -143,341 | -138,949 | -139,953 | -139,793 |
| Financial leverage ratio | 1.37 | 1.33 | 1.30 | 1.28 | 1.26 | 1.22 | 1.20 | 1.18 | 1.23 | 1.19 | 1.17 | 1.26 | 1.18 | 1.19 | 1.18 | — | — | — | — | — |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $602,261K ÷ $440,051K
= 1.37
The financial leverage ratio of Hims Hers Health Inc has exhibited fluctuations over the past few quarters, ranging from 1.17 to 1.37. The ratio indicates that the company has been utilizing debt to finance its operations and investments. The increase in the ratio over time may signify a higher reliance on debt to support the company's growth and expansion strategies. However, it is important to note that a high financial leverage ratio can also increase the company's financial risk and vulnerability to economic downturns. Further analysis of the company's debt structure and overall financial health would provide a more comprehensive understanding of its leverage position and risk profile.