Ziff Davis Inc (ZD)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 3,704,330 | 3,419,440 | 3,663,810 | 3,727,030 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,810,880 | 1,752,310 | 1,869,890 | 1,902,010 | 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 |
| Financial leverage ratio | 2.05 | 1.95 | 1.96 | 1.96 | 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 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,704,330K ÷ $1,810,880K
= 2.05
The financial leverage ratio of Ziff Davis Inc has fluctuated over the past several quarters. It stood at 2.71 at the end of March 2020 and remained relatively stable through June 2020. There was a slight increase to 2.84 by September 2020, followed by a more significant jump to 3.03 by December 2020.
However, starting from March 2021, the financial leverage ratio began to decrease gradually. By the end of December 2021, the ratio had decreased to 1.92, indicating a lower level of financial leverage. This trend continued into 2022 and 2023, with the ratio remaining relatively stable around 1.86 to 1.97.
Towards the end of 2024, there was a slight increase in the financial leverage ratio to 2.05. Overall, the decreasing trend in the financial leverage ratio from 2021 to 2023 suggests that Ziff Davis Inc may have been reducing its reliance on debt to finance its operations. However, the slight increase in 2024 could indicate a potential shift in financing strategies.