Sandisk Corp (SNDK)
Financial leverage ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,985,000 | 13,506,000 | 13,820,000 | 15,761,000 | 9,230,760 |
| Total stockholders’ equity | US$ in thousands | 9,216,000 | 11,082,000 | 11,439,000 | 12,977,000 | 5,738,920 |
| Financial leverage ratio | 1.41 | 1.22 | 1.21 | 1.21 | 1.61 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $12,985,000K ÷ $9,216,000K
= 1.41
The financial leverage ratio of Sandisk Corp has exhibited notable fluctuations over the analyzed period. As of December 31, 2015, the ratio was recorded at 1.61, indicating that the company's total assets were financed with approximately 61% more debt than equity, reflecting a relatively higher leverage position at that time. This ratio subsequently declined to 1.21 by June 30, 2022, and remained steady at this level through June 30, 2023, suggesting a reduction in reliance on debt financing relative to equity. The ratio experienced a marginal increase to 1.22 by June 30, 2024, and then a more noticeable rise to 1.41 by June 30, 2025.
This upward trend indicates a gradual increase in leverage, implying that the company has been financing more of its assets through debt in the recent period. The decline from the 2015 peak suggests an initial effort to deleverage or reduce financial risk, while the subsequent increase signals a possible shift towards higher leverage, potentially to support expansion, operational needs, or capital restructuring. Overall, the company’s financial leverage ratio has moved from a relatively higher leverage position toward a lower one, and then shows signs of increasing again, reflecting dynamic changes in its capital structure strategy over these years.
Peer comparison
Jun 30, 2025