Iridium Communications Inc (IRDM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 576,637 | 888,099 | 1,128,560 | 1,287,950 | 1,419,440 |
| Debt-to-capital ratio | 0.00 | 0.62 | 0.57 | 0.56 | 0.54 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $576,637K)
= 0.00
The debt-to-capital ratio for Iridium Communications Inc has shown a slight increasing trend from 0.54 as of December 31, 2020, to 0.62 as of December 31, 2023. This indicates that the company's reliance on debt financing has been gradually increasing relative to its total capital over the years. Notably, as of December 31, 2024, the debt-to-capital ratio dropped to 0.00, which may suggest a significant shift in the company's capital structure, possibly due to debt repayment or other strategic financial decisions.
Overall, the trend in the debt-to-capital ratio suggests that Iridium Communications Inc has been managing its debt levels relative to its capital base, but investors and stakeholders should continue to monitor any further changes in the ratio to assess the company's financial leverage and risk profile accurately.
Peer comparison
Dec 31, 2024