Qualcomm Incorporated (QCOM)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 55,154,000 | 51,040,000 | 49,014,000 | 41,240,000 | 35,594,000 |
| Total stockholders’ equity | US$ in thousands | 26,274,000 | 21,581,000 | 18,013,000 | 9,950,000 | 6,077,000 |
| Financial leverage ratio | 2.10 | 2.37 | 2.72 | 4.14 | 5.86 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $55,154,000K ÷ $26,274,000K
= 2.10
The financial leverage ratio of Qualcomm Incorporated has shown a declining trend over the past five years, decreasing from 5.86 in 2020 to 2.10 in 2024. This indicates that the company has been reducing its reliance on debt to finance its operations and growth. A lower financial leverage ratio implies that Qualcomm has lower levels of debt compared to its equity, which can reduce financial risk and vulnerability to economic downturns. Overall, the decreasing trend in the financial leverage ratio suggests that Qualcomm has been managing its capital structure effectively and improving its financial stability over the years.
Peer comparison
Sep 30, 2024