Frontier Communications Parent Inc (FYBR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,279,000 | 5,240,000 | 5,192,000 | 5,163,000 | 5,134,000 | 4,933,000 | 4,796,000 | 4,678,000 | 4,600,000 | 4,248,000 | -4,830,000 | -4,900,000 | -4,926,000 | -5,097,000 | -4,493,000 | -4,394,000 | -4,103,000 | -3,771,000 | 1,535,000 | 1,600,000 |
| Debt-to-capital ratio | 0.68 | 0.68 | 0.65 | 0.66 | 0.64 | 0.65 | 0.66 | 0.63 | 0.63 | 0.00 | 1.79 | 1.81 | 1.82 | 1.87 | 1.35 | 1.37 | 1.34 | 1.30 | 0.92 | 0.91 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $11,246,000K ÷ ($11,246,000K + $5,279,000K)
= 0.68
The debt-to-capital ratio of Frontier Communications Parent Inc has shown some fluctuation over the past few years. As of December 31, 2023, the ratio stands at 0.68, indicating that the company's total debt accounts for 68% of its total capital. This ratio has remained relatively stable around the 0.65 to 0.68 range in recent quarters, suggesting a consistent level of leverage in the company's capital structure.
However, it is worth noting that there was a significant increase in the debt-to-capital ratio in the first half of 2021, reaching as high as 1.87 in June 2021. This spike could indicate a period of increased debt relative to capital, potentially signaling financial distress or a significant strategic shift in the company's financing activities during that time.
Overall, the debt-to-capital ratio trend for Frontier Communications Parent Inc highlights the importance of monitoring changes in leverage levels over time to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023