Sandisk Corp (SNDK)
Financial leverage ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | Jun 30, 2013 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 12,985,000 | 12,960,000 | 14,234,000 | 13,890,000 | 13,506,000 | — | — | — | 9,511,860 | 9,230,760 | 9,073,000 | 9,149,430 | 9,461,220 | 10,290,000 | 10,708,300 | 10,729,700 | 10,586,400 | 10,488,700 | 8,944,530 | 9,619,000 |
| Total stockholders’ equity | US$ in thousands | 9,216,000 | 9,161,000 | 12,001,000 | 12,126,000 | 11,082,000 | — | — | 11,439,000 | 5,330,080 | 5,738,920 | 5,634,080 | 5,621,980 | 5,953,460 | 6,655,200 | 7,064,710 | 7,302,100 | 7,232,260 | 6,967,870 | 6,605,540 | 7,347,840 |
| Financial leverage ratio | 1.41 | 1.41 | 1.19 | 1.15 | 1.22 | — | — | 0.00 | 1.78 | 1.61 | 1.61 | 1.63 | 1.59 | 1.55 | 1.52 | 1.47 | 1.46 | 1.51 | 1.35 | 1.31 |
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 exhibits notable fluctuations over the observed period, reflecting changes in the company's use of debt relative to equity. During the July to September 2013 quarter, the leverage ratio commenced at 1.31, indicating a modest level of leverage. It then showed a gradual increase throughout 2013, reaching a peak of 1.55 by the end of December 2014, and further ascending to approximately 1.78 by March 2016. This trend signifies an increasing reliance on debt financing relative to equity, which could suggest efforts to fund expansion, acquisitions, or other growth initiatives during that timeframe.
After reaching the 2016 peak, the leverage ratio data becomes less consistent, with a notable drop to 0.00 in September 2023 and subsequent missing values. However, recent data from mid-2024 through mid-2025 indicates a partial recovery in leverage levels, with ratios climbing from approximately 1.15 in September 2024 to 1.41 in both March and June 2025. This shift suggests a renewed or increasing use of debt financing post-2023, possibly reflective of restructuring, refinancing, or strategic financial decision-making.
Overall, the historical trend indicates periods of increasing leverage that peaked around 2016, followed by a significant decline or data gaps, and a subsequent re-expansion in leverage ratios into 2024 and 2025. These movements are indicative of the company's changing capital structure strategies, possibly responding to market conditions, operational needs, or strategic financial policies.
Peer comparison
Jun 30, 2025