Frontdoor Inc (FTDR)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 136,000 | 171,000 | 131,000 | 83,000 | 61,000 | 47,000 | 6,000 | -20,000 | 2,000 | 62,000 | 3,000 | -46,000 | -61,000 | -71,000 | -125,000 | -178,000 | -179,000 | -219,000 | -278,000 | -334,000 |
| Debt-to-equity ratio | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $136,000K
= 0.00
The debt-to-equity ratio of Frontdoor Inc. has shown significant fluctuations over the past eight quarters. As of Q4 2023, the ratio stood at 4.34, indicating that the company had $4.34 in debt for every $1 of equity. Compared to the previous quarter, there was an increase from 3.51 to 4.34, suggesting a higher reliance on debt financing relative to equity.
Looking back at Q1 2022, the debt-to-equity ratio was at its lowest point at 7.29. This ratio has fluctuated notably, peaking at 102.83 in Q2 2022, reflecting a substantial increase in debt compared to equity during that period.
The trend in the debt-to-equity ratio indicates a varying level of leverage used by Frontdoor Inc. to finance its operations and investments. The higher the ratio, the more the company is relying on debt to fund its activities, which can increase financial risk. It is crucial for investors and stakeholders to monitor these fluctuations to assess the company's financial health and risk profile accurately.
Peer comparison
Dec 31, 2023