Seagate Technology PLC (STX)
Financial leverage ratio
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 8,930,000 |
| Total stockholders’ equity | US$ in thousands | -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 | 1,787,000 |
| Financial leverage ratio | — | — | — | — | — | — | — | — | — | — | — | 82.06 | 21.72 | 17.82 | 14.33 | 13.75 | 17.78 | 9.08 | 4.87 | 5.00 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,564,000K ÷ $-829,000K
= —
The financial leverage ratio of Seagate Technology PLC exhibits significant fluctuation over the observed periods from June 2020 to March 2022. Initially, the ratio was relatively moderate at 5.00 in June 2020, decreasing slightly to 4.87 by September 2020, indicating a modest level of financial leverage during this period. However, by the end of 2020, the ratio surged dramatically to 9.08 in December 2020, reflecting increased reliance on debt financing.
The upward trend continued into 2021, with the ratio escalating sharply to 17.78 in March, then peaking at 14.33 in September, and reaching 17.82 in December 2021. This pattern suggests a substantial increase in the company's leverage, implying that the company was increasingly financed through debt relative to its equity.
In the subsequent period, the ratio escalated further, reaching 21.72 in March 2022 and dramatically soaring to 82.06 in June 2022. This exponential increase indicates an extremely high degree of leverage, which may signal heightened financial risk and dependence on borrowed funds.
Following June 2022, the data entries are marked as unavailable or not applicable, with the ratio data missing from September 2022 onward through March 2025. This absence of data precludes further analysis of trends or changes in leverage beyond mid-2022.
Overall, the historical data demonstrates a trajectory of increasing financial leverage up to mid-2022, with particularly sharp escalation observed during 2021 and the first half of 2022, after which the leverage data is not disclosed. The substantial rise in the leverage ratio highlights increased financial risk exposure during this period.
Peer comparison
Mar 31, 2025