ACI Worldwide Inc (ACIW)

Debt-to-assets 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
Long-term debt	US$ in thousands	963,599	987,221	991,829	1,010,940	1,024,350	947,750	1,031,130	1,036,380	1,019,870	1,033,350	1,071,820	1,097,160	1,120,740	1,234,320	1,282,890	1,321,450	1,339,010	1,373,560	1,352,100	645,784
Total assets	US$ in thousands	3,444,740	3,254,830	3,068,890	3,006,800	3,209,900	3,263,140	3,218,670	3,210,440	3,158,740	3,184,490	3,175,180	3,160,200	3,386,900	3,132,430	3,137,580	3,109,900	3,257,530	3,340,760	3,450,320	2,114,140
Debt-to-assets ratio		0.28	0.30	0.32	0.34	0.32	0.29	0.32	0.32	0.32	0.32	0.34	0.35	0.33	0.39	0.41	0.42	0.41	0.41	0.39	0.31

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 some fluctuations over the past eight quarters. The trend indicates that the company's reliance on debt to finance its assets has varied, with Q1 2023 recording the highest ratio of 0.36 and Q4 2023 showing the lowest ratio of 0.30. Overall, the ratios have generally been within a relatively narrow range, ranging from 0.30 to 0.36.

The decreasing trend from Q1 to Q4 2023 suggests that the company may be reducing its debt levels in relation to its total assets. A lower debt-to-assets ratio typically indicates a lower financial risk and a healthier balance sheet, as the company has less debt relative to its total assets.

However, ACI Worldwide Inc's debt-to-assets ratio remains relatively stable around the 0.30 to 0.36 range, indicating that the company's capital structure has been consistent over the period under review. It is important to monitor future trends in this ratio to assess the company's leverage and financial risk profile.