CSG Systems International Inc (CSGS)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,443,050 | 1,348,550 | 1,387,150 | 1,332,000 | 1,283,030 |
| Total stockholders’ equity | US$ in thousands | 273,326 | 355,249 | 436,609 | 422,395 | 396,662 |
| Financial leverage ratio | 5.28 | 3.80 | 3.18 | 3.15 | 3.23 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,443,050K ÷ $273,326K
= 5.28
The financial leverage ratio of CSG Systems International Inc. has been increasing over the past five years, starting at 3.23 in 2019 and reaching 5.28 in 2023. This indicates that the company has been relying more on debt to finance its operations and growth. The trend suggests that CSG Systems International Inc. may be taking on increasing levels of debt relative to its equity, which could potentially lead to higher financial risk. It is important for investors and analysts to closely monitor this trend to assess the company's ability to meet its debt obligations and sustain its financial health in the long term.
Peer comparison
Dec 31, 2023