ViaSat Inc (VSAT)
Financial leverage ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 15,448,800 | 16,329,400 | 7,730,340 | 6,389,350 | 5,349,470 |
| Total stockholders’ equity | US$ in thousands | 4,553,830 | 5,025,430 | 3,824,310 | 2,633,870 | 2,351,470 |
| Financial leverage ratio | 3.39 | 3.25 | 2.02 | 2.43 | 2.27 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $15,448,800K ÷ $4,553,830K
= 3.39
The financial leverage ratio of ViaSat Inc has exhibited fluctuations over the past five years. Starting at 2.27 on March 31, 2021, the ratio increased to 2.43 by March 31, 2022, suggesting a slight increase in leverage. Subsequently, there was a decrease in the financial leverage ratio to 2.02 as of March 31, 2023, indicating a reduction in the company's reliance on debt financing. However, the ratio surged significantly to 3.25 by March 31, 2024, and further to 3.39 by March 31, 2025, reflecting a considerable increase in leverage during these periods.
The trend observed in ViaSat Inc's financial leverage ratio indicates variability in the company's capital structure and debt levels over the years. A higher financial leverage ratio implies a greater proportion of debt in the company's capital structure, which can magnify returns but also increase financial risk. Investors and stakeholders may need to closely monitor this ratio to assess the company's ability to meet its debt obligations and evaluate its overall financial health.
Peer comparison
Mar 31, 2025