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.
Peer comparison
Dec 31, 2023