Seagate Technology PLC (STX)
Financial leverage ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 8,930,000 | 8,829,000 | 8,932,000 | 8,738,000 |
| Total stockholders’ equity | US$ in thousands | -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 | 1,787,000 | 1,792,000 | 1,830,000 | 1,770,000 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | 82.06 | 21.72 | 17.82 | 14.33 | 13.75 | 17.78 | 9.08 | 4.87 | 5.00 | 4.93 | 4.88 | 4.94 |
June 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,739,000K ÷ $-1,491,000K
= —
The financial leverage ratio of Seagate Technology PLC has shown fluctuations over the past few quarters. The ratio was not available for the period between December 31, 2019, and March 31, 2022, indicating potential reporting issues or changes in the financial structure during these periods.
From March 31, 2022, to June 30, 2022, there was a notable increase in the financial leverage ratio, indicating a higher level of financial leverage compared to the previous periods. This increase could suggest that the company took on more debt during this period to finance its operations or investments.
Subsequently, from June 30, 2022, to December 31, 2022, there was a significant jump in the financial leverage ratio, reaching 82.06. This sharp rise might indicate a significant increase in debt relative to equity, which could potentially pose a higher financial risk for the company.
However, from December 31, 2022, to June 30, 2023, there was a gradual decline in the financial leverage ratio, suggesting a reduction in the level of financial leverage or an increase in equity relative to debt. This trend continued until March 31, 2024, as the ratio consistently decreased, indicating a more conservative financial structure.
Overall, the analysis of Seagate Technology PLC's financial leverage ratio highlights periods of fluctuation in the company's leverage levels, with a notable increase followed by a subsequent decrease, possibly reflecting changes in the capital structure or financial strategy. It is essential for investors and stakeholders to monitor these trends to assess the company's financial stability and risk profile.
Peer comparison
Jun 30, 2024