Progress Software Corporation (PRGS)

Financial leverage ratio

Nov 30, 2024 Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020
Total assets US$ in thousands 2,526,970 1,619,880 1,586,380 1,547,770 1,602,780 1,597,470 1,601,880 1,643,610 1,411,480 1,346,290 1,354,580 1,353,120 1,363,540 1,275,490 1,239,990 1,027,060 1,041,780 919,468 895,602 890,182
Total stockholders’ equity US$ in thousands 438,788 425,612 401,667 461,743 459,715 445,046 418,815 413,443 398,504 366,973 372,146 368,323 412,489 396,773 365,721 352,553 346,013 368,166 339,961 327,957
Financial leverage ratio 5.76 3.81 3.95 3.35 3.49 3.59 3.82 3.98 3.54 3.67 3.64 3.67 3.31 3.21 3.39 2.91 3.01 2.50 2.63 2.71

November 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,526,970K ÷ $438,788K
= 5.76

Progress Software Corporation's financial leverage ratio has exhibited some fluctuations over the past few years. The ratio increased from 2.71 as of February 29, 2020, to reach a peak of 5.76 by November 30, 2024. This indicates that the company has been relying more on debt financing compared to equity during this period.

The financial leverage ratio then decreased to 3.35 as of February 29, 2024, after the peak in November 2024. This suggests a potential reduction in the company's reliance on debt financing. However, the ratio increased again to 3.95 as of May 31, 2024, before declining slightly to 3.81 as of August 31, 2024.

Overall, the trend shows a fluctuating pattern in the financial leverage ratio, indicating changes in the company's capital structure and debt levels. It would be important for investors and stakeholders to monitor this ratio closely to assess Progress Software Corporation's risk exposure and financial stability.