Juniper Networks Inc (JNPR)

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	9,518,500	9,404,800	9,375,500	9,316,300	9,326,700	8,976,200	8,861,000	8,827,900	8,887,000	8,721,400	8,723,400	8,711,100	9,378,300	8,694,700	8,741,500	8,609,500	8,837,700	8,753,600	8,903,300	9,137,900
Total stockholders’ equity	US$ in thousands	4,492,700	4,331,200	4,354,900	4,435,200	4,475,100	4,338,100	4,248,700	4,266,900	4,316,900	4,383,800	4,340,900	4,429,600	4,543,500	4,560,800	4,464,300	4,390,700	4,610,600	4,642,400	4,591,200	4,851,200
Financial leverage ratio		2.12	2.17	2.15	2.10	2.08	2.07	2.09	2.07	2.06	1.99	2.01	1.97	2.06	1.91	1.96	1.96	1.92	1.89	1.94	1.88

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,518,500K ÷ $4,492,700K
= 2.12

The financial leverage ratio for Juniper Networks Inc has been fluctuating over the past eight quarters, ranging from 2.07 to 2.17. The ratio measures the extent to which the company relies on debt financing to fund its operations and investments.

Based on the trend in the financial leverage ratio, we can see that the company's leverage has slightly increased in recent quarters, reaching a peak of 2.17 in Q3 2023 before slightly declining to 2.12 in Q4 2023. This indicates that Juniper Networks is increasingly relying on debt to finance its activities.

A higher financial leverage ratio suggests that the company has a higher level of debt in its capital structure, which could potentially increase financial risk. It is important for investors and stakeholders to monitor Juniper Networks' leverage ratio over time to assess its ability to meet its debt obligations and manage financial stability effectively.