LivaNova PLC (LIVN)

Financial leverage ratio

		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	Mar 31, 2020
Total assets	US$ in thousands	2,506,390	2,521,960	2,453,190	2,459,600	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
Total stockholders’ equity	US$ in thousands	1,320,260	1,310,040	1,242,540	1,221,540	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
Financial leverage ratio		1.90	1.93	1.97	2.01	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,506,390K ÷ $1,320,260K
= 1.90

The financial leverage ratio of LivaNova PLC has displayed some fluctuations over the past few years, ranging from 1.70 to 2.33. This ratio indicates the company's level of debt relative to its equity, reflecting its capital structure and financial risk.

From March 2020 to June 2021, the financial leverage ratio steadily increased from 1.76 to 2.33, showing a higher reliance on debt financing during this period. However, there was a noticeable decrease to 1.70 by September 2021, which could signal a strategic shift towards reducing debt levels or increasing equity.

Subsequently, the ratio fluctuated within a narrower range between 1.70 and 2.01 up to June 2024, suggesting a more stable capital structure during this period. Overall, the trend indicates that LivaNova PLC has managed its debt and equity levels effectively, maintaining a balanced financial leverage position over the analyzed timeframe.