PTC Inc (PTC)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,383,540 | 6,288,840 | 4,687,270 | 4,507,560 | 3,382,740 |
| Total stockholders’ equity | US$ in thousands | 3,214,400 | 2,677,290 | 2,296,030 | 2,038,470 | 1,438,250 |
| Financial leverage ratio | 1.99 | 2.35 | 2.04 | 2.21 | 2.35 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,383,540K ÷ $3,214,400K
= 1.99
The financial leverage ratio for PTC Inc has shown fluctuations over the past five years. In 2024, the ratio decreased to 1.99 from 2.35 in 2023, indicating a reduction in the company's reliance on debt to finance its operations. This could be a positive sign as lower leverage ratios suggest a lower level of financial risk. However, it is important to note that the ratio is above 1, indicating that the company still uses debt to fund a portion of its assets. Overall, the decreasing trend in the financial leverage ratio from 2023 to 2024 may suggest improved financial stability and a more conservative approach to debt management by PTC Inc.
Peer comparison
Sep 30, 2024