IPG Photonics Corporation (IPGP)

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	2,698,900	2,672,860	2,696,420	2,671,160	2,743,280	2,962,520	3,048,770	3,098,470	3,170,540	3,143,910	3,086,510	2,982,950	2,935,700	2,794,930	2,758,740	2,680,130	2,730,440	2,730,900	2,737,420	2,628,740
Total stockholders’ equity	US$ in thousands	2,415,380	2,383,950	2,398,550	2,338,520	2,385,360	2,580,510	2,639,220	2,707,250	2,746,580	2,739,350	2,704,920	2,639,500	2,592,820	2,470,210	2,436,350	2,355,070	2,401,730	2,380,110	2,366,650	2,267,840
Financial leverage ratio		1.12	1.12	1.12	1.14	1.15	1.15	1.16	1.14	1.15	1.15	1.14	1.13	1.13	1.13	1.13	1.14	1.14	1.15	1.16	1.16

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,698,900K ÷ $2,415,380K
= 1.12

The financial leverage ratio of IPG Photonics Corp has been relatively stable over the past eight quarters, hovering around the range of 1.12 to 1.16. This indicates that the company has been maintaining a moderate level of leverage in its capital structure during this period. A financial leverage ratio of around 1 suggests that the company's total assets are roughly equal to its total equity, implying a balanced mix of debt and equity financing. The slight fluctuation in the ratio from 1.12 to 1.16 may be attributed to changes in the company's debt levels or asset values over the quarters, but overall, IPG Photonics Corp appears to be managing its leverage effectively without taking on excessive debt or diluting shareholder equity.