Intuitive Surgical Inc (ISRG)

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	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	9,733,200	9,131,300	8,531,600	8,234,900
Total stockholders’ equity	US$ in thousands	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	8,263,800	7,761,400	7,265,300	7,024,200
Financial leverage ratio		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	1.18	1.18	1.17	1.17

December 31, 2023 calculation

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

Intuitive Surgical Inc's financial leverage ratio has exhibited slight fluctuations over the past eight quarters, ranging from 1.13 to 1.17. The ratio measures the extent to which the company relies on debt financing to support its operations and growth.

With a financial leverage ratio consistently above 1.0, it indicates that Intuitive Surgical has been utilizing more debt in its capital structure than equity. This suggests that the company is more leveraged and may have higher financial risk compared to a less leveraged firm.

The gradual increase in the financial leverage ratio from 1.13 in Q1 2022 to 1.17 in Q3 2023 indicates a potential trend towards higher levels of debt in the company's capital structure. Investors and stakeholders should closely monitor this trend to assess the company's ability to manage its debt obligations and the associated risks.