ACI Worldwide Inc (ACIW)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	963,599	1,024,350	1,019,870	1,120,740	1,339,010
Total assets	US$ in thousands	3,444,740	3,209,900	3,158,740	3,386,900	3,257,530
Debt-to-assets ratio		0.28	0.32	0.32	0.33	0.41

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $963,599K ÷ $3,444,740K
= 0.28

The debt-to-assets ratio of ACI Worldwide Inc has shown a decreasing trend from 0.42 in 2019 to 0.30 in 2023. This indicates that the company's reliance on debt to finance its assets has decreased over the past five years. A lower debt-to-assets ratio suggests that the company has a stronger financial position and is less leveraged, which can be considered a positive indicator of financial health. This trend may imply that ACI Worldwide Inc has been able to manage its debt levels effectively and has potentially improved its asset utilization or increased equity financing. Overall, the decreasing trend in the debt-to-assets ratio suggests a positive financial position for ACI Worldwide Inc in terms of debt management and asset structure.