Intuitive Surgical Inc (ISRG)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	15,441,500	12,974,000	13,555,000	11,168,900	9,733,200
Total stockholders’ equity	US$ in thousands	13,307,600	11,041,900	11,901,100	9,731,500	8,263,800
Financial leverage ratio		1.16	1.17	1.14	1.15	1.18

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,441,500K ÷ $13,307,600K
= 1.16

The financial leverage ratio of Intuitive Surgical Inc has fluctuated slightly over the past five years. The ratio has ranged from 1.14 in 2021 to 1.18 in 2019, with a current ratio of 1.16 as of Dec 31, 2023. This indicates that the company's reliance on debt to finance its operations and growth has been relatively stable. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure. Overall, the trend in the financial leverage ratio of Intuitive Surgical Inc indicates a moderate level of financial leverage, which may pose certain risks but could also potentially amplify returns for shareholders.