NetScout Systems Inc (NTCT)

Financial leverage ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Total assets	US$ in thousands	2,595,300	2,589,800	2,697,710	2,730,600	2,820,560	2,904,110	2,822,050	2,816,640	3,194,710	3,133,550	3,016,400	3,033,050	3,085,040	3,146,320	3,077,550	3,067,530	3,120,500	3,127,340	3,069,370	3,194,000
Total stockholders’ equity	US$ in thousands	1,892,060	1,903,900	2,039,670	2,031,210	2,029,650	2,005,150	1,937,650	1,906,890	2,060,400	2,047,590	1,999,000	2,002,960	2,005,780	1,978,240	1,939,320	1,929,820	1,937,920	1,962,810	1,940,260	2,011,440
Financial leverage ratio		1.37	1.36	1.32	1.34	1.39	1.45	1.46	1.48	1.55	1.53	1.51	1.51	1.54	1.59	1.59	1.59	1.61	1.59	1.58	1.59

March 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,595,300K ÷ $1,892,060K
= 1.37

The financial leverage ratio of NetScout Systems Inc has shown a fluctuating trend over the past few quarters. The ratio ranged between 1.32 to 1.61 during the period from Jun 30, 2019, to Mar 31, 2024, indicating the company has been using debt to finance its operations and investments.

The ratio peaked at 1.61 in Mar 31, 2020, Dec 31, 2019, and Jun 30, 2019. This suggests a relatively higher level of financial leverage during these periods, potentially indicating a higher proportion of debt in the company's capital structure. Subsequently, the ratio decreased to 1.32 in Sep 30, 2023, indicating a lower reliance on debt compared to the earlier periods.

Overall, the trend of the financial leverage ratio for NetScout Systems Inc indicates fluctuations in the company's debt utilization over the observed period, reflecting variations in financial risk and potential impact on the company's profitability and financial stability.