Stryker Corporation (SYK)

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	42,971,000	43,833,000	39,130,000	39,402,000	39,912,000	38,042,000	37,409,000	36,830,000	36,884,000	35,983,000	36,032,000	36,137,000	34,631,000	34,145,000	33,698,000	33,455,000	34,330,000	32,286,000	31,483,000	29,440,000
Total stockholders’ equity	US$ in thousands	20,634,000	20,149,000	19,762,000	19,172,000	18,593,000	17,905,000	17,361,000	16,895,000	16,616,000	16,463,000	15,674,000	15,046,000	14,877,000	14,178,000	13,820,000	13,502,000	13,084,000	12,986,000	12,754,000	13,115,000
Financial leverage ratio		2.08	2.18	1.98	2.06	2.15	2.12	2.15	2.18	2.22	2.19	2.30	2.40	2.33	2.41	2.44	2.48	2.62	2.49	2.47	2.24

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $42,971,000K ÷ $20,634,000K
= 2.08

The financial leverage ratio of Stryker Corporation has shown fluctuations over the period indicated. The ratio started at 2.24 as of March 31, 2020, and gradually increased to 2.62 at the end of December 31, 2020. Subsequently, the ratio fluctuated between 2.33 and 2.48 until March 31, 2021. From June 30, 2021, to September 30, 2022, the ratio declined consistently. It reached its lowest point of 1.98 on June 30, 2024, signifying a decrease in the company's reliance on debt to finance its operations. However, the ratio increased again to 2.18 by the end of September 30, 2024. Overall, the financial leverage ratio displays a fluctuating trend, indicating changes in the company's debt levels relative to its equity during the period under review.