Zebra Technologies Corporation (ZBRA)
Financial leverage ratio
| Dec 31, 2024 | Sep 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,968,000 | 7,690,000 | 7,259,000 | 7,306,000 | 7,331,000 | 7,456,000 | 7,474,000 | 7,529,000 | 7,448,000 | 7,385,000 | 6,129,000 | 6,215,000 | 5,865,000 | 5,593,000 | 5,411,000 | 5,375,000 | 5,245,000 | 4,607,000 | 4,540,000 | 4,711,000 |
| Total stockholders’ equity | US$ in thousands | 3,586,000 | 3,421,000 | 3,169,000 | 3,036,000 | 3,013,000 | 2,992,000 | 2,891,000 | 2,733,000 | 2,657,000 | 2,513,000 | 2,906,000 | 2,984,000 | 2,816,000 | 2,589,000 | 2,411,000 | 2,144,000 | 1,931,000 | 1,803,000 | 1,727,000 | 1,839,000 |
| Financial leverage ratio | 2.22 | 2.25 | 2.29 | 2.41 | 2.43 | 2.49 | 2.59 | 2.75 | 2.80 | 2.94 | 2.11 | 2.08 | 2.08 | 2.16 | 2.24 | 2.51 | 2.72 | 2.56 | 2.63 | 2.56 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,968,000K ÷ $3,586,000K
= 2.22
Zebra Technologies Corporation's financial leverage ratio has shown fluctuations over the past few years, ranging from a high of 2.94 on June 30, 2022, to a low of 2.08 on both September 30, 2021, and December 31, 2021. The financial leverage ratio measures the company's use of debt to finance its operations and assets.
A higher financial leverage ratio indicates that the company is relying more on debt to fund its business activities, which can potentially lead to higher financial risk. Conversely, a lower ratio suggests a lower reliance on debt and a stronger equity position.
Zebra Technologies Corporation's financial leverage ratio has generally been within a moderate range, with the ratio staying close to the 2.5 level for most periods. This indicates a relatively balanced approach to financing between debt and equity. However, the fluctuations in the ratio over time may indicate changes in the company's capital structure or financial strategy.
Overall, the trends in Zebra Technologies Corporation's financial leverage ratio suggest that the company has maintained a stable level of debt relative to its equity over the analyzed period, with some variations that may warrant further investigation into the company's financing decisions and risk management strategies.
Peer comparison
Dec 31, 2024