IAC Inc. (IAC)
Debt-to-assets ratio
| Mar 31, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,982,130 | 1,993,150 | 1,999,800 | 2,006,460 | 2,013,110 | 2,019,760 | 2,026,400 | 2,033,040 | 2,039,660 | 2,046,240 | 494,373 | 494,195 | 705,987 | 712,277 | 715,408 | 225,336 | 228,643 |
| Total assets | US$ in thousands | 10,359,600 | 10,371,200 | 10,018,200 | 10,549,100 | 10,754,000 | 10,393,600 | 10,441,600 | 10,749,100 | 11,893,500 | 12,302,600 | 9,427,720 | 9,288,580 | 9,736,280 | 9,161,710 | 8,480,210 | 6,371,760 | 5,591,250 |
| Debt-to-assets ratio | 0.19 | 0.19 | 0.20 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.17 | 0.17 | 0.05 | 0.05 | 0.07 | 0.08 | 0.08 | 0.04 | 0.04 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,982,130K ÷ $10,359,600K
= 0.19
The debt-to-assets ratio of IAC Inc. has remained relatively stable over the past few quarters, ranging between 0.17 to 0.20. This indicates that the company's level of debt in relation to its total assets has been consistent.
The ratio was at its lowest at 0.04 in the first quarter of 2020, indicating a lower reliance on debt financing at that time. It then increased in subsequent quarters but remained below 0.20, suggesting that IAC Inc. has maintained a conservative approach to debt management.
Overall, the stable and moderate debt-to-assets ratio of IAC Inc. implies that the company has a reasonable balance between debt and assets, which may indicate a lower financial risk and potential stability in its financial structure.
Peer comparison
Mar 31, 2024