CSG Systems International Inc (CSGS)

Debt-to-equity 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-equity ratio		1.96	2.06	1.05	1.10	1.06	1.10	0.36	0.33	0.31	0.32	0.24	0.25	0.80	0.83	0.86	0.89	0.87	0.91	0.93	0.96

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $534,997K ÷ $273,326K
= 1.96

The debt-to-equity ratio of CSG Systems International Inc. has fluctuated over the past eight quarters. It stood at 1.98 in Q4 2023, indicating that the company had $1.98 in debt for every $1 of equity. This ratio decreased to 1.11 in Q2 2023, suggesting a lower level of debt relative to equity. However, it increased to 2.14 in Q3 2023, signaling higher debt levels in relation to equity compared to the previous quarter.

Overall, the trend in the debt-to-equity ratio demonstrates some variability, with levels ranging from 0.95 to 2.14 over the past two years. A ratio above 1 typically indicates that the company is financing a portion of its operations through debt rather than equity. Investors and stakeholders may monitor this ratio to assess the company's financial risk and leverage position.