Qualys Inc (QLYS)

Financial leverage ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Total assets US$ in thousands 812,618 751,861 709,584 675,753 700,941 747,631 789,011 814,550 814,559 756,180 737,305 729,942 736,819 707,084 707,015 684,492 675,608 625,924 645,612 636,141
Total stockholders’ equity US$ in thousands 368,174 322,917 277,018 267,822 289,129 355,186 396,838 426,635 436,714 402,986 392,995 397,108 404,482 400,299 407,774 386,730 386,803 361,023 383,598 373,403
Financial leverage ratio 2.21 2.33 2.56 2.52 2.42 2.10 1.99 1.91 1.87 1.88 1.88 1.84 1.82 1.77 1.73 1.77 1.75 1.73 1.68 1.70

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $812,618K ÷ $368,174K
= 2.21

The financial leverage ratio of Qualys Inc has been fluctuating over the past several quarters, ranging from 1.91 to 2.56. The trend shows an overall increase in leverage, with the ratio peaking in Q2 2023 at 2.56. This indicates that the company is relying more on debt to finance its operations and growth.

A higher financial leverage ratio suggests that Qualys Inc has a higher proportion of debt in its capital structure compared to equity. While leverage can amplify returns when the business is performing well, it also increases the financial risk as the company becomes more vulnerable to economic downturns or changes in interest rates.

Investors and stakeholders should closely monitor Qualys Inc's financial leverage ratio to assess the company's ability to manage its debt obligations effectively and maintain a healthy balance between debt and equity financing. A sustained increase in the ratio may indicate a heightened risk of financial distress or constraints on future growth opportunities.


Peer comparison

Dec 31, 2023