Frontdoor Inc (FTDR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,089,000 | 1,168,000 | 1,136,000 | 1,128,000 | 1,082,000 | 1,095,000 | 1,076,000 | 1,058,000 | 1,069,000 | 1,161,000 | 1,135,000 | 1,355,000 | 1,405,000 | 1,407,000 | 1,361,000 | 1,291,000 | 1,250,000 | 1,217,000 | 1,179,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,089,000K
= 0.00
Frontdoor Inc.'s debt-to-assets ratio has shown some fluctuation over the past eight quarters. The ratio peaked at 0.59 in Q1 2022, indicating that 59% of the company's assets were financed by debt at that time. Since then, there has been a gradual decline in the ratio until Q3 2023, where it reached its lowest point during this period at 0.51, suggesting improved debt management or increased asset base.
However, in Q4 2023, the ratio increased slightly to 0.55, indicating that 55% of the company's assets were funded by debt at the end of the most recent quarter. This uptick could signify either an increase in debt levels or a decrease in asset value compared to the previous quarter.
Overall, Frontdoor Inc. has maintained a debt-to-assets ratio within the range of 0.51 to 0.59, which indicates that more than half of the company's assets are financed through debt. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's leverage and financial risk over time.
Peer comparison
Dec 31, 2023