AMC Networks Inc (AMCX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,048,050 | 806,988 | 851,088 | 616,805 | 665,781 |
| Debt-to-capital ratio | 0.69 | 0.77 | 0.77 | 0.82 | 0.82 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,294,250K ÷ ($2,294,250K + $1,048,050K)
= 0.69
AMC Networks Inc's debt-to-capital ratio has shown a decreasing trend over the past five years, declining from 0.82 in 2019 to 0.69 in 2023. This indicates that the company's reliance on debt relative to its total capital has been decreasing over time. A lower debt-to-capital ratio signifies a stronger financial position with less financial risk, as it suggests that a smaller proportion of the company's capital structure is funded by debt. This trend may reflect improved financial management, a reduction in debt levels, or a growth in equity. Overall, a decreasing debt-to-capital ratio signals a positive development in the company's financial health and stability.
Peer comparison
Dec 31, 2023