Intuitive Surgical Inc (ISRG)

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	18,743,200	17,743,400	16,649,900	15,828,000	15,441,500	14,712,700	13,903,300	13,053,200	12,974,000	13,260,800	13,705,200	13,678,400	13,555,000	12,934,600	12,297,000	11,540,400	11,168,900	10,617,500	10,103,600	9,891,100
Total stockholders’ equity	US$ in thousands	16,433,700	15,583,300	14,708,300	13,962,600	13,307,600	12,539,000	11,879,100	11,217,700	11,041,900	11,515,400	12,023,000	12,102,300	11,901,100	11,410,900	10,837,500	10,153,500	9,731,500	9,257,800	8,740,500	8,506,700
Financial leverage ratio		1.14	1.14	1.13	1.13	1.16	1.17	1.17	1.16	1.17	1.15	1.14	1.13	1.14	1.13	1.13	1.14	1.15	1.15	1.16	1.16

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 been relatively stable over the observed period, fluctuating within a narrow range between 1.13 and 1.17. This indicates that the company's reliance on debt to finance its operations has remained consistent. The slight variations in the ratio suggest that Intuitive Surgical has maintained a balanced capital structure, with a mix of debt and equity financing. Overall, the consistent levels of the financial leverage ratio imply that the company has been managing its debt obligations effectively without taking on excessive leverage.