SolarWinds Corp (SWI)

Financial leverage ratio

		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	Mar 31, 2020
Total assets	US$ in thousands	3,168,290	3,118,420	3,058,690	3,238,660	3,250,920	3,177,670	3,180,430	3,191,450	3,200,010	3,478,510	4,078,560	4,761,750	4,792,130	4,834,810	5,594,020	5,594,510	5,710,480	5,450,000	5,349,210	5,289,030
Total stockholders’ equity	US$ in thousands	1,400,710	1,364,360	1,305,310	1,285,120	1,442,040	1,394,950	1,398,660	1,385,800	1,369,650	1,300,460	1,617,810	2,277,380	2,287,900	2,322,500	2,971,710	2,950,170	3,010,690	2,782,430	2,685,710	2,632,360
Financial leverage ratio		2.26	2.29	2.34	2.52	2.25	2.28	2.27	2.30	2.34	2.67	2.52	2.09	2.09	2.08	1.88	1.90	1.90	1.96	1.99	2.01

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,168,290K ÷ $1,400,710K
= 2.26

SolarWinds Corp's financial leverage ratio has been relatively stable over the past few years, ranging between 1.88 and 2.67. The ratio indicates the company's level of debt relative to its equity capital. A higher ratio suggests higher financial risk and dependence on debt financing.

Notably, there was a significant increase in the financial leverage ratio from June 30, 2022, to September 30, 2022, reaching 2.67, but it then decreased and remained between 2.25 and 2.52 for the following reporting periods. This fluctuation may indicate changes in the company's debt and equity structure or financial strategy during this period.

Overall, SolarWinds Corp's financial leverage ratio indicates that the company has a moderate level of leverage, balancing debt with equity to finance its operations and growth. Investors and stakeholders should continue to monitor the trend in this ratio to assess the company's financial risk and stability.