CSG Systems International Inc (CSGS)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	534,997	375,469	137,219	337,154	346,509
Total assets	US$ in thousands	1,443,050	1,348,550	1,387,150	1,332,000	1,283,030
Debt-to-assets ratio		0.37	0.28	0.10	0.25	0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $534,997K ÷ $1,443,050K
= 0.37

The debt-to-assets ratio for CSG Systems International Inc. has been showing an increasing trend over the last five years. The ratio has consistently risen from 0.28 in 2019 to 0.38 in 2023. This indicates that the company's reliance on debt to finance its assets has been gradually growing over the period under review.

While a higher debt-to-assets ratio may signify greater financial risk due to increased leverage, it can also indicate that the company is utilizing debt as a strategic tool to fuel growth and expansion. Further analysis of the company's financial statements and industry benchmarks would be necessary to determine the appropriateness and sustainability of this increasing trend in the debt-to-assets ratio.