AMC Networks Inc (AMCX)
Debt-to-equity 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-equity ratio | 2.19 | 3.44 | 3.30 | 4.50 | 4.57 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,294,250K ÷ $1,048,050K
= 2.19
The debt-to-equity ratio of AMC Networks Inc has exhibited fluctuations over the past five years. In 2023, the ratio decreased to 2.27 from 3.51 in 2022, indicating a lower reliance on debt financing relative to equity compared to the previous year. This decline suggests a more favorable financial position in terms of leverage in 2023. However, when comparing the ratio to earlier years, such as 2020 and 2019, AMC Networks Inc's leverage position has shown improvement since it reduced from 4.67 and 4.68, respectively. Overall, the trend indicates a varying degree of reliance on debt to fund company operations and investments, with a recent move towards a more balanced debt-to-equity structure.
Peer comparison
Dec 31, 2023