Illumina Inc (ILMN)
Financial leverage ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,303,000 | 6,014,000 | 6,081,000 | 10,040,000 | 10,111,000 | 10,122,000 | 11,774,000 | 11,811,000 | 12,252,000 | 11,256,000 | 15,448,000 | 15,274,000 | 15,217,000 | 15,063,000 | 8,675,000 | 8,755,000 | 7,585,000 | 7,404,000 | 7,248,000 | 7,261,000 |
| Total stockholders’ equity | US$ in thousands | 2,373,000 | 2,125,000 | 1,436,000 | 5,734,000 | 5,745,000 | 5,898,000 | 6,555,000 | 6,693,000 | 6,599,000 | 6,731,000 | 10,444,000 | 10,895,000 | 10,740,000 | 10,593,000 | 5,180,000 | 4,922,000 | 4,694,000 | 4,700,000 | 4,563,000 | 4,635,000 |
| Financial leverage ratio | 2.66 | 2.83 | 4.23 | 1.75 | 1.76 | 1.72 | 1.80 | 1.76 | 1.86 | 1.67 | 1.48 | 1.40 | 1.42 | 1.42 | 1.67 | 1.78 | 1.62 | 1.58 | 1.59 | 1.57 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,303,000K ÷ $2,373,000K
= 2.66
The financial leverage ratio of Illumina Inc has shown a fluctuating trend over the past few years. The ratio started at 1.57 as of March 31, 2020, and gradually increased to 1.78 by March 31, 2021, indicating a slight increase in the company's leverage.
However, there was a notable decrease in the financial leverage ratio by September 30, 2021, and December 31, 2021, where the ratio stood at 1.42. This suggests a reduction in the company's reliance on debt to finance its operations during that period.
Subsequently, the financial leverage ratio increased again to 1.86 by December 31, 2022, indicating a higher level of leverage compared to the previous periods. Thereafter, the ratio fluctuated between 1.40 and 1.80 until June 30, 2024, where it spiked to 4.23.
This significant increase in the financial leverage ratio by June 30, 2024, to 4.23 may raise concerns about the company's debt levels and financial risk. However, the ratio decreased to 2.66 by December 31, 2024, suggesting a potential deleveraging effort by the company.
Overall, the financial leverage ratio of Illumina Inc has exhibited variability, with periods of both increase and decrease in leverage levels. Investors and stakeholders may need to closely monitor the company's leverage changes to assess its financial stability and risk exposure.
Peer comparison
Dec 31, 2024