Robert Half International Inc (RHI)

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	3,010,790	3,021,050	3,067,640	2,912,130	2,964,490	2,910,580	2,933,840	2,950,770	2,952,360	2,931,720	2,741,370	2,565,170	2,557,420	2,563,090	2,402,380	2,274,850	2,311,410	2,311,570	2,239,420	2,204,610
Total stockholders’ equity	US$ in thousands	1,588,350	1,579,970	1,625,270	1,598,480	1,568,560	1,490,920	1,467,670	1,452,770	1,381,050	1,316,040	1,259,250	1,197,700	1,205,290	1,194,030	1,156,710	1,129,920	1,143,680	1,111,830	1,109,230	1,077,030
Financial leverage ratio		1.90	1.91	1.89	1.82	1.89	1.95	2.00	2.03	2.14	2.23	2.18	2.14	2.12	2.15	2.08	2.01	2.02	2.08	2.02	2.05

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,010,790K ÷ $1,588,350K
= 1.90

The financial leverage ratio of Robert Half Inc has been relatively stable over the past eight quarters, ranging from 1.82 to 2.03. The ratio indicates the company's level of debt relative to its equity, with a higher ratio suggesting higher financial risk due to increased reliance on debt financing.

The company's financial leverage ratio fluctuated within a narrow range, peaking at 2.03 in Q1 2022 and reaching its lowest point at 1.82 in Q1 2023. This indicates that the company has been managing its debt levels effectively, with a moderate level of leverage compared to its equity.

Overall, the trend in Robert Half Inc's financial leverage ratio suggests a balanced approach to capital structure management, with a consistent level of debt relative to equity over the past two years. Investors and stakeholders may find this stability reassuring, as it indicates a prudent approach to managing financial risk and leveraging opportunities for growth.