Frontier Communications Parent Inc (FYBR)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 20,693,000 | 18,624,000 | 16,481,000 | 16,795,000 | 17,488,000 |
| Total stockholders’ equity | US$ in thousands | 5,279,000 | 5,134,000 | 4,600,000 | -4,900,000 | -4,394,000 |
| Financial leverage ratio | 3.92 | 3.63 | 3.58 | — | — |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,693,000K ÷ $5,279,000K
= 3.92
The financial leverage ratio of Frontier Communications Parent Inc has been increasing over the years, from 3.58 in 2021 to 3.92 in 2023. This indicates that the company is relying more on debt to finance its operations and investments compared to its equity. A higher financial leverage ratio typically implies higher financial risk, as the company has more debt obligations to meet which can potentially strain its financial flexibility. It is important for investors and stakeholders to monitor this trend closely to assess the company's ability to manage its debt levels effectively and sustain its financial health in the long run.
Peer comparison
Dec 31, 2023