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.