Quidel Corporation (QDEL)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	6,423,600	8,563,100	8,855,800	2,430,370	1,871,160
Total stockholders’ equity	US$ in thousands	2,984,500	5,005,900	4,934,600	1,929,360	1,332,700
Financial leverage ratio		2.15	1.71	1.79	1.26	1.40

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,423,600K ÷ $2,984,500K
= 2.15

Based on the provided data, Quidel Corporation's financial leverage ratio has shown fluctuation over the past five years.

- In December 31, 2020, the financial leverage ratio was 1.40, indicating that the company had a moderate level of financial leverage.
- By December 31, 2021, the ratio decreased to 1.26, suggesting a reduction in the company's reliance on debt to finance its operations.
- However, in the following years, the financial leverage ratio increased significantly.
- By December 31, 2022, the ratio rose to 1.79, signaling a higher level of financial leverage compared to the previous year.
- In December 31, 2023, the ratio slightly decreased to 1.71, but it still remained at a relatively high level.
- Finally, by December 31, 2024, the financial leverage ratio peaked at 2.15, indicating a significant increase in the company's reliance on debt to support its activities.

Overall, Quidel Corporation's financial leverage ratio has shown variability over the years, with a mix of decreases and increases. It is essential for stakeholders to monitor this ratio closely to assess the company's capital structure and financial risk.