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