Intuitive Surgical Inc (ISRG)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	18,743,200	15,441,500	12,974,000	13,555,000	11,168,900
Total stockholders’ equity	US$ in thousands	16,433,700	13,307,600	11,041,900	11,901,100	9,731,500
Financial leverage ratio		1.14	1.16	1.17	1.14	1.15

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,743,200K ÷ $16,433,700K
= 1.14

The financial leverage ratio of Intuitive Surgical Inc has displayed a relatively stable trend over the past five years, hovering around an average of 1.15. This ratio indicates that the company's reliance on debt financing compared to equity has been moderate. In 2022, the ratio slightly increased to 1.17, suggesting a slightly higher level of financial leverage, but then decreased back to 1.14 in 2024. Overall, the company's financial leverage seems to be well-managed and consistent, reflecting a prudent balance between debt and equity in its capital structure.