InterDigital Inc (IDCC)
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 | 1,770,810 | 1,826,480 | 1,760,180 | 1,748,560 | 1,900,100 | 1,928,220 | 1,617,500 | 1,596,030 | 1,628,160 | 1,700,610 | 1,497,080 | 1,561,870 | 1,616,280 | 1,640,490 | 1,538,760 | 1,464,730 | 1,612,080 | 1,628,300 | 1,545,070 | 1,479,750 |
| Total stockholders’ equity | US$ in thousands | 581,549 | 583,430 | 595,217 | 619,672 | 724,895 | 695,775 | 678,769 | 753,706 | 745,239 | 724,271 | 704,185 | 712,098 | 773,369 | 783,271 | 769,419 | 752,649 | 761,557 | 782,106 | 788,898 | 812,806 |
| Financial leverage ratio | 3.04 | 3.13 | 2.96 | 2.82 | 2.62 | 2.77 | 2.38 | 2.12 | 2.18 | 2.35 | 2.13 | 2.19 | 2.09 | 2.09 | 2.00 | 1.95 | 2.12 | 2.08 | 1.96 | 1.82 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,770,810K ÷ $581,549K
= 3.04
Interdigital Inc's financial leverage ratio has been fluctuating over the past eight quarters. The ratio ranged from a low of 2.12 in Q1 2022 to a high of 3.13 in Q3 2023. Overall, there seems to be a trend of increasing leverage over this period, with the ratio generally trending upwards. A higher financial leverage ratio indicates that the company is utilizing more debt to finance its operations, which may potentially increase financial risk but also leverage returns for shareholders. It is important for investors and stakeholders to closely monitor changes in the financial leverage ratio to assess the company's risk profile and financial stability.
Peer comparison
Dec 31, 2023