Hologic Inc (HOLX)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,156,000 | 9,139,300 | 9,071,200 | 8,919,900 | 7,195,800 |
| Total stockholders’ equity | US$ in thousands | 5,130,000 | 5,016,900 | 4,876,200 | 4,218,600 | 2,705,200 |
| Financial leverage ratio | 1.78 | 1.82 | 1.86 | 2.11 | 2.66 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,156,000K ÷ $5,130,000K
= 1.78
The financial leverage ratio of Hologic Inc has shown a decreasing trend over the past five years, falling from 2.66 in 2020 to 1.78 in 2024. A lower financial leverage ratio indicates that the company is relying less on debt financing and has a stronger equity position to support its operations and growth. This may suggest improved financial stability and reduced risk of financial distress for the company. However, it is important to note that a very low financial leverage ratio could also imply underutilization of debt and potential missed opportunities for leveraging financial advantages. Overall, the decreasing trend in Hologic Inc's financial leverage ratio indicates a move towards a more conservative capital structure over the years.
Peer comparison
Sep 30, 2024