Leidos Holdings Inc (LDOS)
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 | 12,695,000 | 12,757,000 | 13,026,000 | 13,132,000 | 13,071,000 | 13,099,000 | 12,887,000 | 13,030,000 | 13,261,000 | 13,281,000 | 13,035,000 | 12,638,000 | 12,511,000 | 12,285,000 | 12,143,000 | 10,988,000 | 9,367,000 | 9,410,000 | 9,327,000 | 9,360,000 |
| Total stockholders’ equity | US$ in thousands | 4,201,000 | 4,146,000 | 4,597,000 | 4,409,000 | 4,299,000 | 4,086,000 | 4,004,000 | 3,955,000 | 4,291,000 | 4,115,000 | 4,099,000 | 3,933,000 | 3,862,000 | 3,706,000 | 3,538,000 | 3,355,000 | 3,413,000 | 3,246,000 | 3,359,000 | 3,294,000 |
| Financial leverage ratio | 3.02 | 3.08 | 2.83 | 2.98 | 3.04 | 3.21 | 3.22 | 3.29 | 3.09 | 3.23 | 3.18 | 3.21 | 3.24 | 3.31 | 3.43 | 3.28 | 2.74 | 2.90 | 2.78 | 2.84 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,695,000K ÷ $4,201,000K
= 3.02
Leidos Holdings Inc's financial leverage ratio, calculated as total assets divided by total equity, has exhibited some variability over the past few quarters. The ratio has ranged from 2.74 to 3.43 over the previous 20 quarters, indicating fluctuations in the company's capital structure and debt levels during this period.
The trend of the financial leverage ratio shows a general increase from 2019 to 2020, with a peak in the middle of 2020, followed by a decline in the later part of 2020 and early 2021. Subsequently, the ratio increased again until mid-2022, after which it began to decrease once more. The most recent data point as of December 31, 2023, reflects a financial leverage ratio of 3.02, suggesting a moderate level of financial leverage compared to the historical values.
Overall, Leidos Holdings Inc's financial leverage ratio has shown some fluctuations over time, indicating changes in the company's financing decisions and capital structure. Investors and analysts may monitor these changes to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023