ViaSat Inc (VSAT)
Financial leverage ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,329,400 | 16,650,700 | 17,072,000 | 17,897,600 | 7,730,340 | 6,801,920 | 6,510,280 | 6,483,360 | 6,389,350 | 6,086,790 | 5,992,860 | 5,994,530 | 5,349,470 | 5,248,710 | 5,203,400 | 4,904,370 | 4,883,870 | 4,513,680 | 4,367,050 | 4,262,290 |
| Total stockholders’ equity | US$ in thousands | 5,025,430 | 5,103,010 | 5,189,970 | 5,939,510 | 3,824,310 | 2,588,750 | 2,596,560 | 2,652,860 | 2,633,870 | 2,634,450 | 2,634,810 | 2,620,120 | 2,351,470 | 2,318,680 | 2,280,050 | 2,072,970 | 2,027,790 | 2,006,270 | 1,990,910 | 1,963,230 |
| Financial leverage ratio | 3.25 | 3.26 | 3.29 | 3.01 | 2.02 | 2.63 | 2.51 | 2.44 | 2.43 | 2.31 | 2.27 | 2.29 | 2.27 | 2.26 | 2.28 | 2.37 | 2.41 | 2.25 | 2.19 | 2.17 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,329,400K ÷ $5,025,430K
= 3.25
ViaSat Inc's financial leverage ratio has shown fluctuations over the past 10 quarters, ranging from 2.02 to 3.29. The ratio indicates that the company has been using debt to finance its operations and investments, with a higher ratio suggesting higher financial leverage or reliance on debt.
The trend in the financial leverage ratio seems to have increased in the earlier quarters, peaking at 3.29 in September 2023 before declining slightly in the most recent quarter to 3.25. This increase in leverage could imply that the company has taken on more debt compared to its equity to fund growth opportunities or other strategic initiatives.
It is important for stakeholders to monitor the company's financial leverage ratio closely, as higher leverage levels can increase financial risk and sensitivity to changes in interest rates or operating performance. Additionally, a high financial leverage ratio could limit the company's financial flexibility and ability to weather economic downturns. Further analysis of ViaSat's overall financial health and debt management strategies would be necessary to fully evaluate the implications of its changing leverage ratio.
Peer comparison
Mar 31, 2024