Kulicke and Soffa Industries Inc (KLIC)

Financial leverage ratio

		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	Dec 31, 2019
Total assets	US$ in thousands	1,240,160	1,257,220	1,298,710	1,486,730	1,499,780	1,508,120	1,524,040	1,549,820	1,588,600	1,628,280	1,559,010	1,704,530	1,601,630	1,409,860	1,256,970	1,146,770	1,054,570	1,029,460	1,160,900	1,118,080
Total stockholders’ equity	US$ in thousands	944,009	973,538	1,012,180	1,161,250	1,174,560	1,169,710	1,183,700	1,177,230	1,194,650	1,206,730	1,137,250	1,207,180	1,095,240	973,342	866,860	807,616	757,994	749,644	762,398	775,653
Financial leverage ratio		1.31	1.29	1.28	1.28	1.28	1.29	1.29	1.32	1.33	1.35	1.37	1.41	1.46	1.45	1.45	1.42	1.39	1.37	1.52	1.44

September 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,240,160K ÷ $944,009K
= 1.31

The financial leverage ratio of Kulicke and Soffa Industries Inc has shown some fluctuations over the past eight quarters. The ratio increased steadily from 1.28 in March 2020 to a peak of 1.46 in September 2021, indicating an increase in financial leverage during this period. Subsequently, there was a slight decrease in leverage until December 2021.

From December 2021 to June 2022, there was a significant increase in financial leverage ratio from 1.41 to 1.35, followed by a further increase to 1.32 by December 2022. This suggests the company took on more debt relative to its equity during this period.

However, starting from September 2023, the financial leverage ratio remained relatively stable around 1.28-1.29 until September 2024. This stability could indicate that the company has maintained a balanced level of debt and equity in its capital structure more recently.

Overall, the fluctuations in the financial leverage ratio suggest that Kulicke and Soffa Industries has actively managed its capital structure over the analyzed period, with periods of increased leverage followed by stabilization.