SanDisk Corp (SNDK)
Financial leverage ratio
| 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 | Mar 31, 2013 | Dec 31, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | Dec 31, 2011 | Sep 30, 2011 | Jun 30, 2011 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 10,376,400 | 10,339,100 | 10,321,500 | 10,075,700 | 10,012,100 | 8,776,710 | 9,860,900 | 9,487,810 |
| Total stockholders’ equity | US$ in thousands | 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 | 7,322,430 | 7,263,900 | 7,212,360 | 7,041,840 | 7,032,640 | 5,782,620 | 6,719,030 | 6,363,730 |
| Financial leverage ratio | 1.78 | 1.61 | 1.61 | 1.63 | 1.59 | 1.55 | 1.52 | 1.47 | 1.46 | 1.51 | 1.35 | 1.31 | 1.42 | 1.42 | 1.43 | 1.43 | 1.42 | 1.52 | 1.47 | 1.49 |
March 31, 2016 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,511,860K ÷ $5,330,080K
= 1.78
The financial leverage ratio of SanDisk Corp has shown fluctuations over the period from June 30, 2011 to March 31, 2016. The ratio started at 1.49 in June 2011 and decreased slightly to 1.47 by September 2011, indicating a decrease in the company's reliance on debt financing. However, by December 2011, the ratio increased to 1.52 and continued to hover around this level for the next few quarters.
In March 2013, the financial leverage ratio slightly declined to 1.42 and remained relatively stable until September 2013. During this period, the company seemed to maintain a moderate level of financial leverage. However, in December 2013, the ratio increased to 1.51, suggesting an uptick in the company's debt levels.
From March 2014 to December 2015, the financial leverage ratio continued to increase steadily, reaching its highest level of 1.78 in March 2016. This indicates that SanDisk Corp became more leveraged and relied more on debt financing during this period. Overall, the trend suggests that the company's financial leverage ratio has been fluctuating, indicating varying levels of debt usage to finance its operations and growth.