Quidel Corporation (QDEL)

Financial leverage ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022
Total assets	US$ in thousands	8,563,100	8,539,100	8,550,300	8,787,100	8,855,800	8,655,500	8,822,400
Total stockholders’ equity	US$ in thousands	5,005,900	4,966,700	5,002,500	4,996,500	4,934,600	4,795,300	4,919,600
Financial leverage ratio		1.71	1.72	1.71	1.76	1.79	1.80	1.79

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,563,100K ÷ $5,005,900K
= 1.71

The financial leverage ratio of Quidel Corporation has exhibited a slight fluctuation over the past year, ranging from 1.71 to 1.80. A financial leverage ratio above 1 indicates that the company is relying more on debt to finance its operations rather than equity.

The trend shows a gradual increase in the financial leverage ratio from 1.71 in December 2022 to 1.79 in June 2022, followed by a slight decrease to 1.76 in March 2023, and subsequently a further decrease to 1.71 in June 2023.

This indicates that the company may have been increasing its debt levels initially but then started reducing its leverage over the recent quarters. A lower financial leverage ratio can signify a stronger equity position and potentially lower financial risk, although it may also suggest limited access to debt financing for potential growth opportunities.

Overall, Quidel Corporation's financial leverage ratio trend indicates a strategic approach to balancing debt and equity in its capital structure, potentially aiming to optimize its financing mix to support business operations and growth effectively.