PDF Solutions Inc (PDFS)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 290,136 | 278,671 | 273,768 | 287,580 | 239,544 |
| Total stockholders’ equity | US$ in thousands | 228,946 | 210,012 | 219,585 | 234,506 | 196,157 |
| Financial leverage ratio | 1.27 | 1.33 | 1.25 | 1.23 | 1.22 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $290,136K ÷ $228,946K
= 1.27
The financial leverage ratio of PDF Solutions Inc. has shown fluctuations over the past five years. The ratio indicates the company's reliance on debt financing as a source of capital relative to equity. The trend indicates that from 2019 to 2022, the company's financial leverage ratio increased steadily, indicating a higher proportion of debt in its capital structure. However, in 2023, the ratio decreased slightly to 1.27, which may suggest a slight reduction in debt relative to equity compared to the previous year. Overall, the company has maintained a level of financial leverage between 1.22 and 1.33 over the past five years, indicating a moderate reliance on debt to finance its operations and investments.
Peer comparison
Dec 31, 2023