ResMed Inc (RMD)
Financial leverage ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 6,872,390 | 6,751,710 | 5,095,850 | 4,728,120 | 4,587,380 |
| Total stockholders’ equity | US$ in thousands | 4,864,040 | 4,129,900 | 3,360,750 | 2,885,680 | 2,497,030 |
| Financial leverage ratio | 1.41 | 1.63 | 1.52 | 1.64 | 1.84 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $6,872,390K ÷ $4,864,040K
= 1.41
The financial leverage ratio of ResMed Inc has been gradually decreasing over the past five years, indicating a trend towards lower financial leverage.
In particular, the ratio decreased from 1.84 in June 2020 to 1.41 in June 2024, highlighting a significant reduction in financial leverage over this period.
This decrease suggests that ResMed Inc has been relying less on debt financing to support its operations and growth, which could potentially reduce financial risk and improve financial stability.
Overall, the decreasing trend in the financial leverage ratio reflects a positive shift towards a more conservative capital structure for ResMed Inc.
Peer comparison
Jun 30, 2024