Kratos Defense & Security Solutions (KTOS)
Financial leverage ratio
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,004,900 | 1,950,900 | 1,912,400 | 1,914,200 | 1,914,600 | 1,632,500 | 1,590,800 | 1,562,800 | 1,557,100 | 1,551,500 | 1,568,100 | 1,583,300 | 1,565,500 | 1,589,500 | 1,577,800 | 1,562,300 | 1,565,200 | 1,562,800 | 1,473,200 | 1,419,200 |
| Total stockholders’ equity | US$ in thousands | 1,387,600 | 1,353,200 | 1,342,900 | 1,329,300 | 1,306,100 | 976,000 | 953,400 | 945,600 | 931,200 | 936,300 | 935,400 | 938,100 | 932,300 | 945,100 | 941,800 | 935,900 | 929,000 | 925,300 | 835,300 | 824,500 |
| Financial leverage ratio | 1.44 | 1.44 | 1.42 | 1.44 | 1.47 | 1.67 | 1.67 | 1.65 | 1.67 | 1.66 | 1.68 | 1.69 | 1.68 | 1.68 | 1.68 | 1.67 | 1.68 | 1.69 | 1.76 | 1.72 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,004,900K ÷ $1,387,600K
= 1.44
The financial leverage ratio of Kratos Defense & Security Solutions has exhibited a relatively stable trend from June 30, 2020, through September 30, 2024, with values oscillating narrowly around approximately 1.66 to 1.76. During this period, the ratio demonstrates a consistent level of leverage, indicating that the company maintains a moderate degree of debt relative to its equity. This stability suggests disciplined leverage management without significant increases that could elevate financial risk.
Notably, there is a gradual decline observed starting in the first quarter of 2024, with ratios decreasing from approximately 1.67 to 1.44 by March 31, 2025. This downward trend indicates a reduction in leverage, which could be the result of debt repayment, deleveraging strategies, or an increase in equity relative to debt. The decreasing leverage points toward a potential shift towards a more conservative capital structure, possibly reflecting an emphasis on financial stability or preparation for future operational or strategic initiatives.
Overall, the company's leverage ratio has maintained a stable profile over the analyzed period, with recent data indicating a trend toward lower leverage levels. This suggests that Kratos is gradually reducing its financial leverage, which may imply lower financial risk and a stronger equity position, aligning with prudent financial management and risk mitigation strategies.
Peer comparison
Mar 31, 2025