Iridium Communications Inc (IRDM)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | — | 1,776,510 | 1,634,710 | 1,587,510 | 1,467,490 | 1,470,670 | 1,499,200 | 1,501,400 | 1,494,300 | 1,568,500 | 1,552,400 | 1,605,900 | 1,622,100 | 1,627,300 | 1,638,000 | 1,638,600 | 1,647,900 | 1,600,390 | 1,603,620 | 1,606,880 |
| Total assets | US$ in thousands | 2,671,470 | 2,751,190 | 2,717,660 | 2,735,960 | 2,661,780 | 2,705,710 | 2,780,470 | 2,871,650 | 2,954,010 | 3,062,590 | 3,076,780 | 3,077,130 | 3,180,800 | 3,205,970 | 3,201,090 | 3,266,560 | 3,360,950 | 3,365,520 | 3,373,850 | 3,391,070 |
| Debt-to-assets ratio | 0.00 | 0.65 | 0.60 | 0.58 | 0.55 | 0.54 | 0.54 | 0.52 | 0.51 | 0.51 | 0.50 | 0.52 | 0.51 | 0.51 | 0.51 | 0.50 | 0.49 | 0.48 | 0.48 | 0.47 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,671,470K
= 0.00
The debt-to-assets ratio of Iridium Communications Inc has been gradually increasing over the past few years, starting at 0.47 as of March 31, 2020, and reaching 0.60 as of June 30, 2024. This indicates that the company has been relying more on debt to finance its assets. However, there was a sudden drop to 0.00 as of December 31, 2024, which could be due to a change in the company's financial structure or reporting practices. It is important to further investigate the reasons behind this significant change to assess the company's financial health and sustainability of its debt levels.
Peer comparison
Dec 31, 2024