AMC Networks Inc (AMCX)
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 | 2,294,250 | 2,778,700 | 2,804,720 | 2,774,310 | 3,039,980 |
| Total assets | US$ in thousands | 4,969,790 | 5,633,840 | 5,748,950 | 5,246,340 | 5,596,690 |
| Debt-to-assets ratio | 0.46 | 0.49 | 0.49 | 0.53 | 0.54 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,294,250K ÷ $4,969,790K
= 0.46
The debt-to-assets ratio of AMC Networks Inc has shown a declining trend over the past five years, decreasing from 0.56 in 2019 to 0.48 in 2023. This indicates an improvement in the company's ability to finance its assets through debt.
A lower debt-to-assets ratio suggests that the company relies less on debt financing and has a higher proportion of assets financed by equity. This can be viewed positively by investors and creditors, as it signals a lower risk of financial distress and potentially a stronger financial position.
Overall, the decreasing trend in the debt-to-assets ratio of AMC Networks Inc indicates a prudent approach to managing its capital structure and financial risk over the years.
Peer comparison
Dec 31, 2023