Western Digital Corporation (WDC)

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	24,188,000	23,801,000	24,385,000	24,001,000	24,546,000	25,151,000	25,047,000	25,686,000	26,259,000	25,699,000	26,025,000	26,391,000	26,132,000	25,409,000	25,552,000	25,402,000	25,662,000	25,509,000	25,860,000	26,280,000
Total stockholders’ equity	US$ in thousands	10,818,000	10,121,000	10,068,000	10,230,000	10,964,000	11,741,000	12,245,000	12,222,000	12,221,000	11,984,000	12,018,000	11,361,000	10,721,000	9,949,000	9,829,000	9,576,000	9,551,000	9,243,000	9,379,000	9,566,000
Financial leverage ratio		2.24	2.35	2.42	2.35	2.24	2.14	2.05	2.10	2.15	2.14	2.17	2.32	2.44	2.55	2.60	2.65	2.69	2.76	2.76	2.75

June 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $24,188,000K ÷ $10,818,000K
= 2.24

The financial leverage ratio of Western Digital Corporation has shown a fluctuating trend over the past few quarters. The ratio has ranged from 2.05 to 2.76 during the period from December 2019 to June 2024.

It reached its highest point of 2.76 in both September 2019 and March 2022, indicating that the company's level of financial leverage was relatively high during those periods. Conversely, the ratio hit its lowest point of 2.05 in December 2022, reflecting a lower level of financial leverage at that time.

Overall, the trend suggests that Western Digital Corporation has been managing its capital structure with varying degrees of leverage over time, which could imply changes in its risk profile and debt levels. It would be essential for stakeholders to monitor these fluctuations to assess the company's financial stability and risk exposure.