CSG Systems International Inc (CSGS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	273,326	260,491	383,311	368,223	355,249	344,305	377,022	410,537	436,609	439,989	439,780	427,715	422,395	409,927	397,622	386,831	396,662	382,036	374,324	367,510
Debt-to-capital ratio		0.66	0.67	0.51	0.52	0.51	0.52	0.26	0.25	0.24	0.24	0.19	0.20	0.44	0.45	0.46	0.47	0.47	0.48	0.48	0.49

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $534,997K ÷ ($534,997K + $273,326K)
= 0.66

The debt-to-capital ratio for CSG Systems International Inc. has shown some fluctuations over the past eight quarters, ranging from 0.49 to 0.68. In Q4 2023, the ratio was at 0.66, indicating that debt accounted for 66% of the company's total capital structure. This represents a slight decrease from the previous quarter and a deviation from the previous trend of increasing ratios.

The highest ratio observed was in Q3 2023 at 0.68, suggesting a higher reliance on debt to finance operations and investments. Conversely, the lowest ratio occurred in Q1 2022 at 0.49, signaling a relatively lower level of debt usage compared to equity in the capital structure.

Overall, the trend in the debt-to-capital ratio for CSG Systems International Inc. has shown variability over the quarters analyzed, signifying changes in the company's leverage and financing strategies during this period. It would be important to further evaluate the company's financial position and performance to assess the implications of these fluctuations in the debt-to-capital ratio.