Synaptics Incorporated (SYNA)

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	2,825,000	2,539,700	2,573,300	2,548,700	2,611,400	2,714,700	2,725,300	2,824,800	2,858,100	2,698,000	2,567,400	1,782,200	2,226,800	2,181,000	1,792,200	1,774,900	1,693,800	1,481,100	1,457,200	1,424,300
Total stockholders’ equity	US$ in thousands	1,466,800	1,235,400	1,220,300	1,204,300	1,243,400	1,321,100	1,300,400	1,325,100	1,266,400	1,157,700	1,063,900	1,001,400	967,200	932,600	888,000	838,700	819,100	712,900	691,300	654,800
Financial leverage ratio		1.93	2.06	2.11	2.12	2.10	2.05	2.10	2.13	2.26	2.33	2.41	1.78	2.30	2.34	2.02	2.12	2.07	2.08	2.11	2.18

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,825,000K ÷ $1,466,800K
= 1.93

The financial leverage ratio of Synaptics Incorporated has shown some fluctuations over the past several quarters. The ratio has ranged from a low of 1.78 to a high of 2.41. This ratio indicates the proportion of the company's total assets that are financed by debt. A ratio above 1 suggests that the company is using debt to finance its operations.

The upward trend in the financial leverage ratio over the quarters may point towards an increase in the company's reliance on debt to fund its operations and investments. This could be a strategic decision to take advantage of favorable interest rates or to fuel growth initiatives. However, a higher financial leverage ratio also means higher financial risk as the company is more exposed to fluctuations in interest rates and financial markets.

It is important for investors and analysts to closely monitor the financial leverage ratio of Synaptics Incorporated, as a significant increase in leverage could potentially impact the company's financial stability and ability to meet debt obligations in the long run.