Quidel Corporation (QDEL)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total assets	US$ in thousands	6,448,600	6,801,100	6,689,200	6,703,300	8,563,100	8,539,100	8,550,300	8,787,100	8,855,800	8,655,500	8,822,400	3,093,120	2,430,370	2,106,380	1,807,650	2,097,370	1,871,160	1,249,360	972,931	966,766
Total stockholders’ equity	US$ in thousands	3,009,500	3,186,700	3,173,500	3,307,700	5,005,900	4,966,700	5,002,500	4,996,500	4,934,600	4,795,300	4,919,600	2,414,920	1,929,360	1,634,070	1,411,080	1,489,710	1,332,700	849,247	611,709	605,199
Financial leverage ratio		2.14	2.13	2.11	2.03	1.71	1.72	1.71	1.76	1.79	1.80	1.79	1.28	1.26	1.29	1.28	1.41	1.40	1.47	1.59	1.60

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,448,600K ÷ $3,009,500K
= 2.14

The financial leverage ratio of Quidel Corporation has shown fluctuations over the reporting periods. The ratio decreased from 1.60 in March 31, 2020, to 1.28 in June 30, 2021, indicating a reduction in the company's reliance on debt to finance its operations. However, from June 30, 2021, to December 31, 2024, the ratio consistently increased, reaching a high of 2.14. This upward trend suggests that the company has been increasing its reliance on debt financing, potentially to support growth or investment opportunities. Investors and creditors may monitor this trend closely to assess the company's ability to manage its debt levels effectively while maintaining financial stability.