Seagate Technology PLC (STX)
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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,023,000 | 7,564,000 | 7,959,000 | 7,972,000 | 7,739,000 | 7,096,000 | 7,149,000 | 7,196,000 | 7,556,000 | 7,967,000 | 7,867,000 | 8,611,000 | 8,944,000 | 9,145,000 | 9,375,000 | 8,613,000 | 8,675,000 | 8,604,000 | 8,986,000 | 8,862,000 |
| Total stockholders’ equity | US$ in thousands | -453,000 | -829,000 | -1,079,000 | -1,300,000 | -1,491,000 | -1,889,000 | -1,814,000 | -1,702,000 | -1,199,000 | -1,004,000 | -470,000 | -351,000 | 109,000 | 421,000 | 526,000 | 601,000 | 631,000 | 484,000 | 990,000 | 1,821,000 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | — | 82.06 | 21.72 | 17.82 | 14.33 | 13.75 | 17.78 | 9.08 | 4.87 |
June 30, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,023,000K ÷ $-453,000K
= —
The financial leverage ratio of Seagate Technology PLC exhibits notable fluctuations over the period from September 2020 to March 2023. Initially, on September 30, 2020, the ratio stood at 4.87, indicating a moderate level of leverage where the company's total assets were financed by approximately 4.87 times its equity. By December 31, 2020, this ratio increased significantly to 9.08, reflecting a rise in leverage, possibly due to increased debt levels or a reduction in equity.
The trend continued into March 31, 2021, with the ratio reaching 17.78, signifying a substantial escalation in leverage. This upward trajectory persisted, although at a somewhat reduced pace, reaching 13.75 by June 30, 2021, and slightly increasing again to 14.33 on September 30, 2021. The ratio then rose further to 17.82 on December 31, 2021, maintaining a high leverage positioning.
The most significant spike occurred by March 31, 2022, when the ratio soared to 21.72. Subsequently, the ratio surged dramatically to 82.06 on June 30, 2022, indicating an unprecedented level of leverage that may suggest considerable increases in debt or asset financing relative to equity within that period.
After June 2022, the data shows that the financial leverage ratio is not available for subsequent quarters, marked by placeholders indicating missing data. The dramatic escalation observed in mid-2022 suggests a period of aggressive leverage growth, which could be associated with strategic expansions, acquisitions, refinancing activities, or other significant corporate decisions impacting the company's capital structure.
In summary, between September 2020 and early 2022, Seagate's financial leverage ratio demonstrates a trend of increasing leverage, culminating in a peak at over 82, highlighting heightened financial risk and dependence on debt financing during that time. The lack of data post-June 2022 precludes further analysis of the leverage trend, but the observed pattern indicates a period of aggressive leverage escalation prior to data unavailability.
Peer comparison
Jun 30, 2025