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.