STAAR Surgical Company (STAA)
Financial leverage ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 488,692 | 471,521 | 440,651 | 418,905 | 418,818 | 394,676 | 376,025 | 351,177 | 345,778 | 324,605 | 294,438 | 265,806 | 257,416 | 234,698 | 218,039 | 206,788 | 207,523 | 192,741 | 185,962 | 177,219 |
| Total stockholders’ equity | US$ in thousands | 385,954 | 378,595 | 357,617 | 338,924 | 336,112 | 323,142 | 302,317 | 276,317 | 261,568 | 249,108 | 234,622 | 214,176 | 197,222 | 186,392 | 174,674 | 164,967 | 159,884 | 149,340 | 144,335 | 137,338 |
| Financial leverage ratio | 1.27 | 1.25 | 1.23 | 1.24 | 1.25 | 1.22 | 1.24 | 1.27 | 1.32 | 1.30 | 1.25 | 1.24 | 1.31 | 1.26 | 1.25 | 1.25 | 1.30 | 1.29 | 1.29 | 1.29 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $488,692K ÷ $385,954K
= 1.27
The financial leverage ratio for STAAR Surgical Company has shown some fluctuations over the past few years, ranging from 1.22 to 1.32. This ratio measures the extent to which the company relies on debt to finance its operations and growth. A ratio above 1 implies that the company has more debt than equity in its capital structure.
The trend in the financial leverage ratio shows a slight increase from 1.22 in Jun 2022 to 1.32 in Dec 2021, before fluctuating between 1.30 and 1.25 in the subsequent periods. Generally, a higher financial leverage ratio can indicate higher financial risk due to increased debt obligations that need to be serviced, especially during economic downturns.
It is important for investors and stakeholders to closely monitor STAAR Surgical Company's financial leverage ratio to assess its risk profile and ability to meet its debt obligations, as well as to understand the company's capital structure and financial health in the long term.
Peer comparison
Dec 31, 2023