Hologic Inc (HOLX)
Financial leverage ratio
| Sep 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 9,156,000 | 8,714,400 | 8,469,500 | 9,139,300 | 9,337,900 | 9,448,700 | 9,290,300 | 9,071,200 | 9,357,400 | 9,514,500 | 9,285,100 | 8,919,900 | 8,590,600 | 8,044,000 | 7,550,700 | 7,195,800 | 6,803,100 | 6,821,800 | 6,311,900 | 6,442,100 |
| Total stockholders’ equity | US$ in thousands | 5,130,000 | 4,844,400 | 4,653,800 | 5,016,900 | 5,182,000 | 5,300,800 | 5,092,500 | 4,876,200 | 4,997,900 | 4,792,700 | 4,519,100 | 4,218,600 | 3,877,100 | 3,794,400 | 3,267,900 | 2,705,200 | 2,255,100 | 2,086,100 | 2,250,800 | 2,115,700 |
| Financial leverage ratio | 1.78 | 1.80 | 1.82 | 1.82 | 1.80 | 1.78 | 1.82 | 1.86 | 1.87 | 1.99 | 2.05 | 2.11 | 2.22 | 2.12 | 2.31 | 2.66 | 3.02 | 3.27 | 2.80 | 3.04 |
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 fluctuations over the past several quarters. From December 2019 to March 2021, the ratio increased steadily from 2.80 to 2.12, indicating increasing financial leverage during this period. However, from March 2021 to September 2022, there was a significant spike in the ratio, peaking at 2.22 in December 2022. This surge suggests a substantial increase in the company's financial leverage, potentially indicating a higher dependency on debt financing.
Subsequently, from September 2022 to September 2024, the financial leverage ratio continued to fluctuate within a range of 1.78 to 1.99. The declining trend from the peak in December 2022 may signal a strategic shift towards deleveraging or a reduction in the company's reliance on debt.
Overall, the financial leverage ratio of Hologic Inc has demonstrated volatility, with periods of both increase and decrease in leverage levels. It would be important to further analyze the company's financial decisions and strategies to understand the rationale behind these fluctuations and their potential impact on the company's financial stability and risk profile.
Peer comparison
Sep 30, 2024