Science Applications International Corporation Common Stock (SAIC)
Financial leverage ratio
| Feb 2, 2024 | Nov 3, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 28, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 29, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 30, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | Nov 1, 2019 | Aug 2, 2019 | May 3, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,314,000 | 5,658,000 | 5,672,000 | 5,957,000 | 5,543,000 | 5,628,000 | 5,654,000 | 5,716,000 | 5,746,000 | 5,916,000 | 5,905,000 | 5,812,000 | 5,723,000 | 5,875,000 | 5,947,000 | 6,016,000 | 4,711,000 | 4,700,000 | 4,627,000 | 4,607,000 |
| Total stockholders’ equity | US$ in thousands | 1,785,000 | 1,828,000 | 1,843,000 | 1,692,000 | 1,694,000 | 1,686,000 | 1,643,000 | 1,640,000 | 1,619,000 | 1,635,000 | 1,618,000 | 1,577,000 | 1,542,000 | 1,499,000 | 1,437,000 | 1,395,000 | 1,417,000 | 1,380,000 | 1,339,000 | 1,462,000 |
| Financial leverage ratio | 2.98 | 3.10 | 3.08 | 3.52 | 3.27 | 3.34 | 3.44 | 3.49 | 3.55 | 3.62 | 3.65 | 3.69 | 3.71 | 3.92 | 4.14 | 4.31 | 3.32 | 3.41 | 3.46 | 3.15 |
February 2, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,314,000K ÷ $1,785,000K
= 2.98
The financial leverage ratio of Science Applications International Corporation Common Stock has exhibited fluctuations over the past couple of years, ranging from a low of 2.98 to a high of 4.31. This ratio measures the company's level of debt relative to its equity, indicating the extent to which external funds are used to finance its operations.
The ratio has generally been on an upward trend since early 2020, reaching a peak of 4.31 in May 2020 before slightly decreasing and stabilizing around the 3.5 to 3.7 range.
A higher financial leverage ratio suggests that the company is relying more on debt financing, which can amplify returns for shareholders when things are going well but also increase financial risk during economic downturns or adverse business conditions.
It is important for stakeholders to closely monitor changes in the financial leverage ratio, as significant shifts may indicate changes in the company's capital structure and risk profile. Overall, the trend in the financial leverage ratio for Science Applications International Corporation Common Stock highlights the evolving dynamics between debt and equity financing within the company.
Peer comparison
Feb 2, 2024