NCR Voyix Corporation (VYX)
Financial leverage ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,990,000 | 13,215,000 | 11,275,000 | 11,440,000 | 11,507,000 | 11,783,000 | 11,756,000 | 11,715,000 | 11,641,000 | 11,589,000 | 12,063,000 | 8,702,000 | 8,414,000 | 9,828,000 | 9,949,000 | 9,555,000 | 8,987,000 | 8,451,000 | 8,222,000 | 8,198,000 |
| Total stockholders’ equity | US$ in thousands | 25,000 | 1,372,000 | 1,555,000 | 1,489,000 | 1,480,000 | 1,445,000 | 1,370,000 | 1,323,000 | 1,256,000 | 1,183,000 | 1,154,000 | 1,096,000 | 1,048,000 | 1,195,000 | 1,120,000 | 1,024,000 | 1,104,000 | 726,000 | 542,000 | 449,000 |
| Financial leverage ratio | 199.60 | 9.63 | 7.25 | 7.68 | 7.78 | 8.15 | 8.58 | 8.85 | 9.27 | 9.80 | 10.45 | 7.94 | 8.03 | 8.22 | 8.88 | 9.33 | 8.14 | 11.64 | 15.17 | 18.26 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,990,000K ÷ $25,000K
= 199.60
The financial leverage ratio of NCR Voyix Corporation has shown fluctuations over the past few quarters, indicating changes in the company's capital structure and debt levels. As of Dec 31, 2023, the financial leverage ratio stood at 199.60, a significant increase compared to the previous quarter. This suggests a high level of debt relative to equity, which may pose risks in terms of financial stability and solvency.
Looking at the trend over the past few quarters, there have been fluctuations in the financial leverage ratio, with some periods showing lower levels (such as Jun 30, 2023) and others showing higher levels (Dec 31, 2022). This indicates that the company's leverage position has been changing, possibly due to varying levels of debt issuance or repayments.
Overall, a high financial leverage ratio can indicate that the company is relying heavily on debt to finance its operations and growth, which can lead to increased financial risk, especially in times of economic downturns or interest rate hikes. It will be important for NCR Voyix Corporation to closely monitor and manage its debt levels to maintain a healthy balance between debt and equity in its capital structure.