Gartner Inc (IT)
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 | 7,835,920 | 7,244,400 | 7,355,930 | 7,378,930 | 7,299,740 | 6,525,950 | 6,590,590 | 6,985,450 | 7,416,320 | 6,994,640 | 7,188,340 | 6,937,860 | 7,315,970 | 6,840,600 | 6,810,290 | 6,800,350 | 7,151,290 | 6,737,340 | 6,729,640 | 6,714,680 |
| Total stockholders’ equity | US$ in thousands | 680,634 | 566,638 | 586,506 | 472,858 | 227,798 | -64,926 | -142,867 | 118,153 | 371,058 | 334,507 | 527,638 | 891,594 | 1,090,430 | 1,037,500 | 991,219 | 890,275 | 938,593 | 919,657 | 963,802 | 856,897 |
| Financial leverage ratio | 11.51 | 12.78 | 12.54 | 15.60 | 32.04 | — | — | 59.12 | 19.99 | 20.91 | 13.62 | 7.78 | 6.71 | 6.59 | 6.87 | 7.64 | 7.62 | 7.33 | 6.98 | 7.84 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,835,920K ÷ $680,634K
= 11.51
The financial leverage ratio of Gartner, Inc. has shown fluctuations over the quarters provided.
In Q4 2023, the financial leverage ratio stands at 11.51, showing a decrease compared to the previous quarter. This indicates that the company has relied less on debt to finance its operations in Q4 2023.
In Q3 2023, the ratio increased to 12.78, suggesting a higher level of debt usage compared to Q4 2023. However, this was followed by a slight decrease in Q2 2023, with the ratio at 12.54.
The financial leverage ratio spiked significantly in Q1 2023 to 15.60, indicating a substantial reliance on debt during that period. This spike could be due to various reasons, such as significant debt issuances or a decline in equity.
Comparing these figures to previous quarters, the financial leverage ratio was exceptionally high in Q4 2022 at 32.04, which is considerably higher than the recent quarters. Notably, there is missing data for the financial leverage ratio in Q3 and Q2 of 2022, which limits the ability to trace the trend during that period.
The trend in the financial leverage ratio suggests that Gartner, Inc. has experienced fluctuations in its leverage levels, showcasing varying degrees of debt dependency to sustain its operations. Overall, monitoring and managing this ratio is crucial to understanding the company's capital structure and risk profile.
Peer comparison
Dec 31, 2023