Twilio Inc (TWLO)

Financial leverage ratio

Jun 30, 2025 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
Total assets US$ in thousands 9,848,290 9,814,720 9,865,470 10,037,300 10,507,700 11,289,300 11,609,700 11,857,700 11,904,500 12,298,900 12,564,300 12,612,700 12,869,200 12,890,800 12,998,600 12,976,800 12,533,600 12,242,200 9,487,430 6,723,700
Total stockholders’ equity US$ in thousands 8,043,920 8,004,290 7,952,970 8,228,870 8,679,470 9,447,730 9,732,550 9,979,380 9,976,560 10,318,900 10,559,000 10,530,900 10,842,000 10,917,400 11,031,500 11,081,700 10,694,100 10,247,200 8,452,660 5,762,270
Financial leverage ratio 1.22 1.23 1.24 1.22 1.21 1.19 1.19 1.19 1.19 1.19 1.19 1.20 1.19 1.18 1.18 1.17 1.17 1.19 1.12 1.17

June 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,848,290K ÷ $8,043,920K
= 1.22

The financial leverage ratio of Twilio Inc. has exhibited relative stability over the analyzed period from September 2020 to June 2025. Initially, the ratio hovered around 1.17 to 1.19, indicating a moderate level of financial leverage, with the company utilizing a balanced mix of debt and equity in its capital structure.

From September 2020 through December 2021, the ratio remained fairly consistent, fluctuating marginally within a narrow range (1.12 to 1.18). This stability suggests that Twilio maintained a steady approach to leveraging its assets without significant shifts in its debt-equity composition.

Starting from early 2022, a gradual upward trend in the leverage ratio can be observed. The ratio increased slightly to 1.19 by March 2022, continued to rise modestly to 1.20 in September 2022, and maintained around 1.19 to 1.20 through the first half of 2023. This incremental increase indicates a marginal escalation in leverage, potentially reflecting increased debt levels or a decrease in equity holdings.

Moving into late 2023 and mid-2024, the ratio persisted at approximately 1.19 to 1.21. Notably, by late 2024, the ratio reached approximately 1.24, signaling a slight uptick in leverage levels. This continues into 2025, where the ratio fluctuates around 1.22 to 1.23.

Overall, the data demonstrates that Twilio's financial leverage ratio has remained relatively low and stable over the analyzed timeframe, with only gradual increments observed in recent years. This pattern suggests a cautious approach to leverage, maintaining a manageable exposure to debt, which may reflect strategic financial management aimed at balancing growth opportunities with financial stability.