Photronics Inc (PLAB)

Financial leverage ratio

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Total assets	US$ in thousands	1,712,060	1,526,220	1,315,830	1,294,200	1,188,180
Total stockholders’ equity	US$ in thousands	1,120,860	975,008	831,527	823,692	804,962
Financial leverage ratio		1.53	1.57	1.58	1.57	1.48

October 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,712,060K ÷ $1,120,860K
= 1.53

The financial leverage ratio of Photronics Inc has shown a slight decrease from 1.58 in October 2022 to 1.53 in October 2024. This indicates that the company's reliance on debt to finance its operations has decreased slightly over the period. However, the ratio has fluctuated within a relatively narrow range, suggesting a consistent level of financial leverage over the past five years. Overall, the company has maintained a moderate level of financial leverage, balancing its use of debt to support growth with the need to manage financial risk.