Frontier Communications Parent Inc (FYBR)

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	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	Dec 31, 2018
Long-term debt	US$ in thousands	11,246,000	11,258,000	9,829,000	9,839,000	9,110,000	9,120,000	9,130,000	7,957,000	7,968,000	—	10,949,000	10,949,000	10,949,000	10,949,000	17,511,000	16,308,000	16,305,000	16,357,000	16,526,000	16,358,000
Total assets	US$ in thousands	20,693,000	20,509,000	19,150,000	19,398,000	18,624,000	18,273,000	18,035,000	16,755,000	16,481,000	13,000,000	16,960,000	16,795,000	16,787,000	17,467,000	17,488,000	17,488,000	17,561,000	17,565,000	23,362,000	23,659,000
Debt-to-assets ratio		0.54	0.55	0.51	0.51	0.49	0.50	0.51	0.47	0.48	0.00	0.65	0.65	0.65	0.63	1.00	0.93	0.93	0.93	0.71	0.69

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $11,246,000K ÷ $20,693,000K
= 0.54

The debt-to-assets ratio of Frontier Communications Parent Inc has shown some fluctuations over the past few years. It was relatively stable around the range of 0.49 to 0.55 from December 2018 to June 2023. This indicates that the company has been financing a significant portion of its assets with debt, with the ratio hovering above 0.50 in most periods.

A notable deviation occurred in March 2020 when the ratio spiked to 1.00, indicating that the company's debt level exceeded its asset value during that period. This could be a result of a substantial increase in debt relative to assets at that point in time. However, the ratio then decreased and stabilized around 0.50 in the subsequent quarters.

It is worth noting the significant drop in the debt-to-assets ratio to 0.00 in March 2021, which seems unusual and might be due to a specific event or financial adjustment in that period. Nevertheless, the ratio quickly rebounded to its previous levels in the following quarters.

Overall, the trend in Frontier Communications Parent Inc's debt-to-assets ratio reflects the company's reliance on debt financing to support its operations and investments. Investors and stakeholders should continue monitoring this ratio to assess the company's financial leverage and risk profile.