LivaNova PLC (LIVN)
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 | 2,429,560 | 2,329,420 | 2,341,560 | 2,294,890 | 2,294,770 | 2,212,880 | 2,336,240 | 2,416,880 | 2,200,950 | 2,203,410 | 2,396,520 | 2,369,170 | 2,399,960 | 2,521,750 | 2,502,660 | 2,454,440 | 2,411,800 | 2,509,940 | 2,621,660 | 2,599,540 |
| Total stockholders’ equity | US$ in thousands | 1,277,630 | 1,225,470 | 1,240,610 | 1,227,340 | 1,207,620 | 1,146,960 | 1,282,000 | 1,291,850 | 1,294,640 | 1,299,500 | 1,028,670 | 1,055,130 | 1,109,260 | 1,350,790 | 1,333,190 | 1,392,710 | 1,377,960 | 1,495,280 | 1,483,330 | 1,486,810 |
| Financial leverage ratio | 1.90 | 1.90 | 1.89 | 1.87 | 1.90 | 1.93 | 1.82 | 1.87 | 1.70 | 1.70 | 2.33 | 2.25 | 2.16 | 1.87 | 1.88 | 1.76 | 1.75 | 1.68 | 1.77 | 1.75 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,429,560K ÷ $1,277,630K
= 1.90
The financial leverage ratio for LivaNova PLC has been relatively stable over the past eight quarters, ranging between 1.82 and 1.93. In Q4 2023, the ratio was 1.90, the same as in Q3 2023 and Q4 2022, indicating a consistent level of financial leverage. This ratio suggests that for every dollar of equity in the company, there is approximately $1.90 of debt, highlighting moderate leverage in the company's capital structure. Overall, the trend in the financial leverage ratio indicates that LivaNova PLC has maintained a balanced mix of debt and equity to finance its operations and growth initiatives consistently over the period analyzed.
Peer comparison
Dec 31, 2023