Iridium Communications Inc (IRDM)
Debt-to-equity 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-equity ratio | 0.00 | 2.68 | 2.08 | 1.86 | 1.65 | 1.59 | 1.50 | 1.38 | 1.32 | 1.37 | 1.31 | 1.35 | 1.26 | 1.23 | 1.25 | 1.20 | 1.16 | 1.13 | 1.14 | 1.14 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $576,637K
= 0.00
The debt-to-equity ratio of Iridium Communications Inc has shown a gradual increase from 1.14 as of March 31, 2020, to a peak of 2.68 as of September 30, 2024. This indicates that the company has been relying more on debt financing relative to equity over the period under review. The sudden drop to 0.00 as of December 31, 2024, could suggest a significant event affecting the company's financial structure, such as debt repayment or restructuring.
Overall, the increasing trend in the debt-to-equity ratio may raise concerns about the company's financial leverage and its ability to service its debt obligations in the long term. It is important for investors and stakeholders to closely monitor the company's debt levels and sustainability of its capital structure going forward.
Peer comparison
Dec 31, 2024