Masimo Corporation (MASI)

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	2,625,700	3,087,800	2,893,900	2,957,700	3,041,500	2,995,900	3,011,200	3,115,500	3,210,600	3,056,400	2,961,100	1,908,800	1,887,000	1,766,780	1,681,690	1,597,810	1,712,550	1,713,140	1,635,630	1,474,540
Total stockholders’ equity	US$ in thousands	1,051,900	1,463,200	1,368,800	1,365,200	1,364,800	1,275,600	1,308,300	1,330,300	1,338,900	1,252,600	1,202,700	1,582,140	1,550,200	1,468,150	1,391,240	1,328,120	1,407,640	1,414,800	1,344,540	1,253,280
Financial leverage ratio		2.50	2.11	2.11	2.17	2.23	2.35	2.30	2.34	2.40	2.44	2.46	1.21	1.22	1.20	1.21	1.20	1.22	1.21	1.22	1.18

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,625,700K ÷ $1,051,900K
= 2.50

The financial leverage ratio of Masimo Corporation has fluctuated over the past few years, indicating changes in the company's debt levels relative to its equity. The ratio increased steadily from March 2020 to June 2022, reaching a peak of 2.46, suggesting a higher reliance on debt to finance its operations during this period.

Subsequently, the ratio declined from June 2022 to December 2023, indicating a reduction in the company's debt relative to equity. However, the ratio saw a slight increase in the last quarter of 2023 and continued to fluctuate throughout 2024.

Overall, the trend in the financial leverage ratio suggests that Masimo Corporation has experienced changes in its capital structure, highlighting potential shifts in its financial risk and solvency position over the analyzed period. The increase in the ratio in the latter part of 2024 may warrant further investigation into the company's debt management strategies and financial health.