Iridium Communications Inc (IRDM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,467,490 | 1,494,300 | 1,622,100 | 1,647,900 |
| Total assets | US$ in thousands | 2,671,470 | 2,661,780 | 2,954,010 | 3,180,800 | 3,360,950 |
| Debt-to-assets ratio | 0.00 | 0.55 | 0.51 | 0.51 | 0.49 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,671,470K
= 0.00
The debt-to-assets ratio for Iridium Communications Inc has shown a fluctuating trend over the years. Starting at 0.49 as of December 31, 2020, it increased slightly to 0.51 by December 31, 2021, and remained at the same level for December 31, 2022. However, there was a noticeable uptick to 0.55 by December 31, 2023. Interestingly, the ratio dropped significantly to 0.00 by December 31, 2024. This sudden drop could be attributed to a significant reduction in debt relative to assets at the end of 2024. Overall, the trend indicates some fluctuation in the company's debt obligations relative to its asset base over the years.
Peer comparison
Dec 31, 2024