Meta Platforms Inc. (META)
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 | 229,623,000 | 216,274,000 | 206,688,000 | 184,491,000 | 185,727,000 | 178,894,000 | 169,779,000 | 164,218,000 | 165,987,000 | 169,585,000 | 170,609,000 | 163,523,000 | 159,316,000 | 146,437,000 | 139,691,000 | 138,371,000 | 133,376,000 | 124,418,000 | 117,006,000 | 109,477,000 |
| Total stockholders’ equity | US$ in thousands | 153,168,000 | 142,873,000 | 134,033,000 | 124,795,000 | 125,713,000 | 124,094,000 | 125,767,000 | 123,228,000 | 124,879,000 | 133,360,000 | 138,227,000 | 133,657,000 | 128,290,000 | 117,731,000 | 110,447,000 | 105,304,000 | 101,054,000 | 93,999,000 | 88,762,000 | 86,516,000 |
| Financial leverage ratio | 1.50 | 1.51 | 1.54 | 1.48 | 1.48 | 1.44 | 1.35 | 1.33 | 1.33 | 1.27 | 1.23 | 1.22 | 1.24 | 1.24 | 1.26 | 1.31 | 1.32 | 1.32 | 1.32 | 1.27 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $229,623,000K ÷ $153,168,000K
= 1.50
The financial leverage ratio of Meta Platforms Inc has shown a slight increase over the past four quarters, from 1.48 in Q4 2022 to 1.50 in Q4 2023. This indicates that the company's reliance on debt to finance its operations has increased. The ratio has fluctuated between 1.33 and 1.54 over the past eight quarters, with an overall upward trend. A ratio above 1 suggests that the company has more debt than equity in its capital structure, indicating higher financial risk. It is important for investors and creditors to closely monitor this trend to assess Meta Platforms Inc's ability to meet its debt obligations and manage its financial leverage effectively.
Peer comparison
Dec 31, 2023