AMC Networks Inc (AMCX)
Debt-to-equity 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 | 2,294,250 | 2,334,220 | 2,349,120 | 2,763,770 | 2,778,700 | 2,785,180 | 2,791,670 | 2,798,180 | 2,804,720 | 2,811,250 | 2,817,790 | 2,825,100 | 2,774,310 | 2,791,090 | 2,807,890 | 2,824,470 | 3,039,980 | 3,056,690 | 3,073,420 | 3,080,800 |
| Total stockholders’ equity | US$ in thousands | 1,048,050 | 1,050,690 | 1,007,670 | 921,796 | 806,988 | 1,002,430 | 964,668 | 925,351 | 851,088 | 837,028 | 733,669 | 673,452 | 616,805 | 747,603 | 651,916 | 613,548 | 665,781 | 628,124 | 541,820 | 455,390 |
| Debt-to-equity ratio | 2.19 | 2.22 | 2.33 | 3.00 | 3.44 | 2.78 | 2.89 | 3.02 | 3.30 | 3.36 | 3.84 | 4.19 | 4.50 | 3.73 | 4.31 | 4.60 | 4.57 | 4.87 | 5.67 | 6.77 |
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 a fluctuating trend over the past eight quarters. The ratio stood at 2.27 in Q4 2023, indicating that the company had $2.27 in debt for every $1 of equity. This represents a decrease from the ratios observed in the previous quarters, where the ratio peaked at 3.51 in Q4 2022.
The downward trend in the debt-to-equity ratio suggests that the company may be gradually reducing its reliance on debt to finance its operations and investments, which is generally viewed positively by investors as it signifies lower financial risk and improved solvency. However, it is important to note that the current ratio of 2.27 still indicates a significant level of leverage compared to equity.
Overall, the decreasing trend in the debt-to-equity ratio of AMC Networks Inc, coupled with the relatively high values in recent quarters, indicates that the company has been managing its debt levels, although it may still have room for further improvement to achieve a more balanced capital structure.
Peer comparison
Dec 31, 2023