Leidos Holdings Inc (LDOS)
Financial leverage ratio
| Dec 31, 2024 | Sep 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 | 13,104,000 | 13,338,000 | 12,817,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 4,412,000 | 4,614,000 | 4,258,000 | 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 |
| Financial leverage ratio | 2.97 | 2.89 | 3.01 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,104,000K ÷ $4,412,000K
= 2.97
Leidos Holdings Inc's financial leverage ratio has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The financial leverage ratio represents the degree to which the company relies on debt to finance its operations.
The ratio increased from 2.74 as of December 31, 2019, to a peak of 3.43 as of June 30, 2020, indicating a higher reliance on debt during this period. Subsequently, it gradually decreased to 2.83 as of June 30, 2023, before rising to 3.08 as of September 30, 2023.
However, the trend reversed, and the financial leverage ratio declined to 2.97 as of December 31, 2024. This decreasing trend may suggest that the company has been reducing its debt levels or improving its equity position relative to debt.
Overall, the financial leverage ratio of Leidos Holdings Inc has shown variability over the period, reflecting changes in the company's capital structure and financial risk profile.
Peer comparison
Dec 31, 2024