Frontier Communications Parent Inc (FYBR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 11,246,000 | 9,110,000 | 7,968,000 | 10,949,000 | 16,308,000 |
| Total assets | US$ in thousands | 20,693,000 | 18,624,000 | 16,481,000 | 16,795,000 | 17,488,000 |
| Debt-to-assets ratio | 0.54 | 0.49 | 0.48 | 0.65 | 0.93 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,246,000K ÷ $20,693,000K
= 0.54
Frontier Communications Parent Inc's debt-to-assets ratio has fluctuated over the past five years. In 2019, the ratio was the highest at 0.93, indicating that a significant portion of the company's assets were financed by debt. However, there has been a decreasing trend in the ratio since then. By 2021, the ratio decreased to 0.48, showing an improvement in the company's debt management.
In 2022 and 2023, the debt-to-assets ratio increased slightly to 0.49 and 0.54, respectively. While the ratio has increased in the most recent years, it is still below the levels seen in 2019, indicating that the company may be managing its debt levels more effectively.
Overall, despite some fluctuations, the downward trend in the debt-to-assets ratio from 2019 to 2021 suggests that Frontier Communications Parent Inc has been working to reduce its reliance on debt financing and improve its financial position in terms of debt management. However, the slight increase in the ratio in 2022 and 2023 may warrant further monitoring to ensure that the company's debt levels remain at a sustainable level.
Peer comparison
Dec 31, 2023