Regeneron Pharmaceuticals Inc (REGN)

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	33,080,200	32,163,300	30,657,500	30,059,900	29,214,500	27,677,800	27,205,800	26,348,700	25,434,800	23,671,500	21,485,900	17,772,200	17,163,300	16,084,000	14,428,700	15,757,500	14,805,200	13,939,300	13,173,600	12,854,800
Total stockholders’ equity	US$ in thousands	25,973,100	24,904,400	24,017,900	23,495,200	22,664,000	21,438,800	20,687,800	19,914,700	18,768,800	17,258,000	15,127,300	11,977,000	11,025,300	10,125,500	9,057,400	12,133,000	11,089,700	10,504,400	9,755,900	9,444,700
Financial leverage ratio		1.27	1.29	1.28	1.28	1.29	1.29	1.32	1.32	1.36	1.37	1.42	1.48	1.56	1.59	1.59	1.30	1.34	1.33	1.35	1.36

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $33,080,200K ÷ $25,973,100K
= 1.27

Regeneron Pharmaceuticals, Inc.'s financial leverage ratio has remained relatively stable over the past eight quarters, fluctuating between 1.27 and 1.32. The financial leverage ratio measures the extent to which a company utilizes debt to finance its operations and growth. A ratio above 1 indicates that the company has more debt than equity in its capital structure.

Regeneron's financial leverage ratio of around 1.28 to 1.32 suggests that the company relies moderately on debt financing to support its business activities. The consistency in the ratio over the quarters indicates a balanced approach to leveraging, neither excessively relying on debt nor being overly conservative.

Staying within this range of financial leverage ratios can be considered favorable as it signifies that Regeneron has a relatively stable capital structure with a manageable level of debt. However, it is essential for the company to monitor and manage its debt levels effectively to ensure long-term financial health and sustainability.