Iridium Communications Inc (IRDM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 576,637 | 663,757 | 786,699 | 853,685 | 888,099 | 925,002 | 1,000,190 | 1,085,590 | 1,128,560 | 1,145,100 | 1,181,100 | 1,191,780 | 1,287,950 | 1,321,780 | 1,314,180 | 1,363,780 | 1,419,440 | 1,415,460 | 1,409,160 | 1,413,790 |
| Debt-to-capital ratio | 0.00 | 0.73 | 0.68 | 0.65 | 0.62 | 0.61 | 0.60 | 0.58 | 0.57 | 0.58 | 0.57 | 0.57 | 0.56 | 0.55 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 | 0.53 |
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 of Iridium Communications Inc has been gradually increasing over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.53 in March 2020 and increased to 0.62 by December 2023. However, there was a sudden drop to 0.00 in December 2024, which could be due to various reasons such as debt restructuring, capital injections, or changes in the company's capital structure. Overall, a higher debt-to-capital ratio indicates that the company is relying more on debt financing compared to equity financing, which may increase the company's financial risk but could also potentially enhance its returns. It is important to monitor this ratio in conjunction with other financial metrics to gain a more comprehensive understanding of the company's financial health and leverage position.
Peer comparison
Dec 31, 2024