Skyworks Solutions Inc (SWKS)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,283,300 | 8,426,700 | 8,873,800 | 8,590,700 | 5,106,700 |
| Total stockholders’ equity | US$ in thousands | 6,336,700 | 6,082,700 | 5,469,000 | 5,297,100 | 4,164,200 |
| Financial leverage ratio | 1.31 | 1.39 | 1.62 | 1.62 | 1.23 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,283,300K ÷ $6,336,700K
= 1.31
The financial leverage ratio of Skyworks Solutions Inc has fluctuated over the past five years, ranging from 1.23 in 2020 to 1.62 in both 2021 and 2022. This ratio indicates that the company's level of financial leverage has been varying, with a downward trend evident from 2022 to 2024. A financial leverage ratio higher than 1 suggests the company relies more on debt financing than equity, whereas a ratio of less than 1 indicates a higher reliance on equity. It is important for investors and creditors to monitor changes in the financial leverage ratio to assess the company's risk profile and financial stability. Skyworks Solutions Inc may have adjusted its capital structure over the years to manage its debt levels and improve financial health.
Peer comparison
Sep 30, 2024