IAC Inc. (IAC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 6,132,740 | 6,077,860 | 5,740,780 | 6,116,710 | 6,267,300 | 5,931,610 | 5,903,820 | 5,990,230 | 6,919,460 | 7,175,230 | 7,209,180 | 7,178,850 | 6,688,140 | 6,597,580 | 6,194,230 | 4,647,540 | 3,917,240 |
| Debt-to-capital ratio | 0.24 | 0.25 | 0.26 | 0.25 | 0.24 | 0.25 | 0.26 | 0.25 | 0.23 | 0.22 | 0.06 | 0.06 | 0.10 | 0.10 | 0.10 | 0.05 | 0.06 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,982,130K ÷ ($1,982,130K + $6,132,740K)
= 0.24
The debt-to-capital ratio of IAC Inc. has fluctuated over the past few quarters, ranging from 0.05 to 0.26. The ratio measures the proportion of a company's capital that is financed by debt, with a lower ratio indicating a lower level of debt relative to equity.
In the recent quarters, the debt-to-capital ratio has remained relatively stable around 0.24 to 0.26, indicating that IAC Inc. has maintained a consistent level of debt compared to its capital structure. However, there was a significant increase in the ratio in the third quarter of 2021, where it spiked to 0.22 and then to 0.06 in the subsequent quarter. This could suggest a change in the company's capital structure during that period.
Overall, the trend in the debt-to-capital ratio for IAC Inc. shows some variability, but in recent quarters, the company has managed to keep the ratio within a relatively narrow range, indicating a balanced approach to financing through debt.
Peer comparison
Mar 31, 2024