Ziff Davis Inc (ZD)
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 | 3,471,020 | 3,383,230 | 3,469,290 | 3,527,070 | 3,533,270 | 3,433,070 | 3,543,100 | 3,663,170 | 3,770,280 | 3,830,660 | 3,703,370 | 3,703,660 | 3,665,330 | 3,342,990 | 3,419,440 | 3,368,890 | 3,505,850 | 2,893,300 | 2,809,930 | 2,642,910 |
| Total stockholders’ equity | US$ in thousands | 1,893,000 | 1,804,140 | 1,862,680 | 1,894,620 | 1,892,610 | 1,793,640 | 1,794,200 | 1,865,490 | 1,967,730 | 1,369,260 | 1,294,500 | 1,274,910 | 1,211,020 | 1,176,340 | 1,263,170 | 1,241,080 | 1,311,190 | 1,084,370 | 1,072,100 | 1,056,650 |
| Financial leverage ratio | 1.83 | 1.88 | 1.86 | 1.86 | 1.87 | 1.91 | 1.97 | 1.96 | 1.92 | 2.80 | 2.86 | 2.91 | 3.03 | 2.84 | 2.71 | 2.71 | 2.67 | 2.67 | 2.62 | 2.50 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,471,020K ÷ $1,893,000K
= 1.83
The financial leverage ratio of Ziff Davis Inc has been relatively stable over the past eight quarters, ranging from 1.83 to 1.97. The ratio indicates that the company's reliance on debt to finance its operations has been consistently moderate, with the ratio consistently staying below 2. This suggests that Ziff Davis Inc has a balanced mix of debt and equity in its capital structure. However, it is important to note that a higher financial leverage ratio can indicate higher financial risk, as higher levels of debt can increase interest payments and potential financial distress. Overall, Ziff Davis Inc's financial leverage ratio suggests a prudent approach to managing its capital structure.