Iridium Communications Inc (IRDM)
Debt-to-equity 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-equity ratio | 0.00 | 1.65 | 1.32 | 1.26 | 1.16 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $576,637K
= 0.00
The debt-to-equity ratio for Iridium Communications Inc has been on an increasing trend over the period from December 31, 2020 to December 31, 2023, with the ratio moving from 1.16 to 1.65. This indicates that the company is relying more on debt financing compared to equity during this period. However, it is important to note that as of December 31, 2024, the debt-to-equity ratio has dropped to 0.00, which might suggest a significant decrease in the company's debt levels relative to its equity.
Overall, the fluctuation in the debt-to-equity ratio over the years could imply varying levels of financial leverage and risk for Iridium Communications Inc. It would be advisable to further investigate the reasons behind these changes and assess the effectiveness of the company's financial strategies in managing its debt and equity structure.
Peer comparison
Dec 31, 2024