Qualys Inc (QLYS)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	973,537	812,618	700,941	814,559	736,819
Total stockholders’ equity	US$ in thousands	477,116	368,174	289,129	436,714	404,482
Financial leverage ratio		2.04	2.21	2.42	1.87	1.82

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $973,537K ÷ $477,116K
= 2.04

The financial leverage ratio of Qualys Inc has shown an increasing trend over the past five years. Starting at 1.82 in December 31, 2020, the ratio has steadily risen to 2.04 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations and growth has increased during this period. It is important for stakeholders to monitor this trend closely as higher leverage ratios can magnify both returns and risks associated with the company's financial performance. Efforts to maintain a balanced capital structure and manage debt levels effectively will be crucial for Qualys Inc to sustain its financial health in the long term.