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.