AMC Networks Inc (AMCX)

Financial leverage 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
Total assets	US$ in thousands	4,969,790	5,390,780	5,470,480	5,463,240	5,633,840	5,813,500	5,793,640	5,749,730	5,748,950	5,495,460	5,479,510	5,245,680	5,246,340	5,386,430	5,305,960	5,316,420	5,596,690	5,618,210	5,561,730	5,521,910
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
Financial leverage ratio		4.74	5.13	5.43	5.93	6.98	5.80	6.01	6.21	6.75	6.57	7.47	7.79	8.51	7.20	8.14	8.67	8.41	8.94	10.26	12.13

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,969,790K ÷ $1,048,050K
= 4.74

The financial leverage ratio of AMC Networks Inc has shown a decreasing trend over the past few quarters, indicating a reduction in the company's reliance on debt to finance its operations. From Q4 2022 to Q1 2023, the ratio decreased from 6.98 to 5.93, reflecting a significant improvement in the company's leverage position.

Although the ratio increased slightly in Q2 and Q3 2023, reaching 5.43 and 5.13 respectively, it remained lower than the levels reported in the previous year. This suggests that the company has been managing its debt levels efficiently.

Overall, the downward trend in the financial leverage ratio indicates that AMC Networks Inc is gradually becoming less leveraged and more solvent, which could enhance its financial stability and reduce the risks associated with excessive debt. Investors and stakeholders may view this as a positive signal regarding the company's financial health and potential for future growth.