Moderna Inc (MRNA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 18,426,000 | 19,450,000 | 21,884,000 | 24,125,000 | 25,858,000 | 26,056,000 | 26,043,000 | 27,609,000 | 24,669,000 | 20,923,000 | 16,153,000 | 12,694,000 | 7,337,000 | 4,650,870 | 3,486,010 | 2,067,540 | 1,589,420 | 1,590,900 |
| Total stockholders’ equity | US$ in thousands | 13,854,000 | 13,455,000 | 16,949,000 | 18,863,000 | 19,123,000 | 17,992,000 | 17,985,000 | 17,075,000 | 14,145,000 | 10,124,000 | 6,704,000 | 3,838,000 | 2,561,000 | 2,760,000 | 2,947,000 | 1,641,000 | 1,175,000 | 1,248,190 |
| Financial leverage ratio | 1.33 | 1.45 | 1.29 | 1.28 | 1.35 | 1.45 | 1.45 | 1.62 | 1.74 | 2.07 | 2.41 | 3.31 | 2.86 | 1.69 | 1.18 | 1.26 | 1.35 | 1.27 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $18,426,000K ÷ $13,854,000K
= 1.33
The financial leverage ratio of Moderna Inc has shown fluctuating trends in recent quarters. In Q1 2022, the ratio was at its highest point of 1.62, indicating a higher level of financial leverage. This was followed by a decrease in the ratio in Q2 and Q3 2022, suggesting a reduction in the company's reliance on debt. However, in Q4 2022, the ratio increased again to 1.35.
Throughout 2023, the financial leverage ratio continued to vary, with Q2 2023 showing the lowest ratio of 1.29, indicating a lower level of financial leverage. Q4 2023 saw a slight increase in the ratio to 1.33, suggesting a moderate level of financial leverage compared to the previous quarters.
Overall, it is important for Moderna Inc to carefully manage its financial leverage ratio to ensure a balance between debt and equity in its capital structure. Fluctuations in the ratio can indicate changes in the company's financial risk and its ability to meet debt obligations. Monitoring and analyzing these trends can help stakeholders assess the company's financial health and make informed decisions.
Peer comparison
Dec 31, 2023