CSG Systems International Inc (CSGS)

Debt-to-assets 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	534,997	535,998	402,092	403,781	375,469	377,157	133,845	135,532	137,219	138,905	104,120	107,733	337,154	339,707	342,274	344,853	346,509	348,178	349,860	351,556
Total assets	US$ in thousands	1,443,050	1,329,600	1,293,070	1,296,010	1,348,550	1,259,140	1,290,680	1,303,330	1,387,150	1,364,760	1,291,680	1,274,480	1,332,000	1,271,820	1,269,380	1,224,460	1,283,030	1,207,160	1,179,720	1,147,050
Debt-to-assets ratio		0.37	0.40	0.31	0.31	0.28	0.30	0.10	0.10	0.10	0.10	0.08	0.08	0.25	0.27	0.27	0.28	0.27	0.29	0.30	0.31

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 fluctuated between 0.30 and 0.42 over the past eight quarters. The ratio indicates the proportion of the company's total debt relative to its total assets.

In Q4 2023, the ratio decreased to 0.38 from 0.42 in the previous quarter, Q3 2023, suggesting a decrease in the level of debt relative to total assets during that period. This decrease may reflect the company's efforts to either reduce its debt levels or increase its asset base.

Comparing the latest ratio of 0.38 in Q4 2023 to the ratios of the same period in previous years, we can see a slight increase from 0.31 in Q4 2022. This indicates that the company's debt levels relative to its assets have grown over the year.

Overall, a decreasing debt-to-assets ratio generally suggests a stronger financial position as it indicates that the company relies less on debt to finance its operations. However, it is essential to consider the specific circumstances of the company and industry trends when interpreting this ratio.