Broadridge Financial Solutions Inc (BR)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	3,355,100	3,513,900	3,652,900	3,682,000	2,234,700	4,076,600	4,105,400	4,064,200	3,793,000	4,167,000	4,156,600	4,165,900	3,887,600	1,737,700	1,770,600	1,776,100	1,387,600	1,679,900	1,449,300	1,368,800
Total assets	US$ in thousands	8,242,400	8,215,400	7,999,800	8,071,200	8,233,200	8,432,300	8,051,300	8,090,600	8,168,800	8,349,500	8,115,900	8,028,400	8,119,800	5,186,800	4,858,300	4,749,700	4,889,800	4,913,500	4,384,600	4,220,100
Debt-to-assets ratio		0.41	0.43	0.46	0.46	0.27	0.48	0.51	0.50	0.46	0.50	0.51	0.52	0.48	0.34	0.36	0.37	0.28	0.34	0.33	0.32

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,355,100K ÷ $8,242,400K
= 0.41

The debt-to-assets ratio of Broadridge Financial Solutions Inc has fluctuated over the past several quarters. The ratio indicates the proportion of the company's total assets financed by debt. A lower ratio suggests lower financial risk and a stronger financial position, while a higher ratio may indicate higher leverage and potential financial vulnerability.

In the latest quarter, as of June 30, 2024, the debt-to-assets ratio stood at 0.41, which suggests that 41% of Broadridge's total assets are financed by debt. This ratio has decreased from the previous quarter's figure of 0.43, indicating a slight improvement in the company's debt management.

Looking back over the past few quarters, there was a notable increase in the debt-to-assets ratio from September 2021 to December 2022, reaching a peak of 0.51. This increase could potentially signal an increase in the level of debt relative to assets during that period.

It is important for investors and analysts to further investigate the reasons behind these fluctuations in the debt-to-assets ratio to assess the company's overall financial health and risk profile.