Myriad Genetics Inc (MYGN)

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	1,027,600	1,081,300	1,085,100	1,110,500	1,146,500	1,149,100	1,187,200	1,169,300	1,198,700	1,212,000	1,210,200	1,255,400	1,320,700	1,335,900	1,360,300	1,336,900	1,418,800	1,444,500	1,404,600	1,446,700
Total stockholders’ equity	US$ in thousands	701,100	731,700	740,500	760,000	783,200	683,400	735,200	835,200	885,800	916,600	947,400	950,100	967,800	968,600	902,500	875,200	879,900	909,300	918,200	967,200
Financial leverage ratio		1.47	1.48	1.47	1.46	1.46	1.68	1.61	1.40	1.35	1.32	1.28	1.32	1.36	1.38	1.51	1.53	1.61	1.59	1.53	1.50

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,027,600K ÷ $701,100K
= 1.47

The financial leverage ratio of Myriad Genetics Inc has been fluctuating over the reported periods, ranging from 1.28 to 1.68. A financial leverage ratio of 1 indicates an equal proportion of debt and equity in the company's capital structure.

From March 31, 2020, to September 30, 2021, the ratio showed a general increasing trend, peaking at 1.68 by September 30, 2021, indicating a higher level of financial leverage. This could imply that the company was relying more on debt to finance its operations during this period.

However, from September 30, 2021, to December 31, 2024, the ratio generally decreased, indicating a reduced reliance on debt financing and potentially a stronger equity position compared to previous periods.

Overall, the fluctuation in the financial leverage ratio of Myriad Genetics Inc suggests varying levels of debt and equity utilization in the company's capital structure over the reported periods. Monitoring changes in this ratio is important for assessing the company's risk profile and financial stability.