Motorola Solutions Inc (MSI)

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	13,336,000	12,436,000	12,252,000	12,353,000	12,814,000	11,625,000	11,672,000	11,649,000	12,189,000	11,422,000	11,131,000	10,423,000	10,876,000	10,361,000	10,374,000	10,716,000	10,642,000	10,373,000	9,974,000	9,993,000
Total stockholders’ equity	US$ in thousands	724,000	362,000	337,000	234,000	116,000	-408,000	-443,000	-316,000	-40,000	-263,000	-358,000	-496,000	-558,000	-756,000	-830,000	-948,000	-700,000	-1,101,000	-970,000	-1,108,000
Financial leverage ratio		18.42	34.35	36.36	52.79	110.47	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,336,000K ÷ $724,000K
= 18.42

The financial leverage ratio of Motorola Solutions Inc has shown a decreasing trend over the past four quarters, indicating an improved financial position in terms of debt utilization. The ratio has declined from 110.47 in Q4 2022 to 18.42 in Q4 2023. This suggests that the company has reduced its reliance on debt to finance its operations and investments, which is a positive sign for investors and creditors. The decreasing trend signifies that the company has been managing its debt levels effectively, potentially reducing its financial risks and improving its overall financial stability. It would be beneficial for the company to continue monitoring and maintaining this trend to ensure sustainable financial health.