Motorola Solutions Inc (MSI)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,705,000 | 4,704,000 | 6,015,000 | 6,014,000 | 6,013,000 | 6,012,000 | 6,011,000 | 5,689,000 | 5,688,000 | 5,687,000 | 5,686,000 | 5,164,000 | 5,163,000 | 5,162,000 | 5,111,000 | 5,111,000 | 5,113,000 | 5,112,000 | 5,315,000 | 5,287,000 |
| Total assets | US$ in thousands | 13,336,000 | 12,436,000 | 12,252,000 | 12,353,000 | 12,814,000 | 11,625,000 | 11,672,000 | 11,649,000 | 12,189,000 | 11,422,000 | 11,131,000 | 10,423,000 | 10,876,000 | 10,361,000 | 10,374,000 | 10,716,000 | 10,642,000 | 10,373,000 | 9,974,000 | 9,993,000 |
| Debt-to-assets ratio | 0.35 | 0.38 | 0.49 | 0.49 | 0.47 | 0.52 | 0.51 | 0.49 | 0.47 | 0.50 | 0.51 | 0.50 | 0.47 | 0.50 | 0.49 | 0.48 | 0.48 | 0.49 | 0.53 | 0.53 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,705,000K ÷ $13,336,000K
= 0.35
The debt-to-assets ratio of Motorola Solutions Inc has shown some fluctuations over the past eight quarters, ranging from 0.45 to 0.52. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio implies that the company has a lower level of debt relative to its total assets, which may be considered less risky.
In the most recent quarter, Q4 2023, the debt-to-assets ratio decreased to 0.45 from 0.48 in the previous quarter, Q3 2023. This reduction suggests that the company has decreased its reliance on debt to finance its assets, which could be viewed positively by investors and creditors as it indicates a stronger financial position.
Overall, the trend in Motorola Solutions Inc's debt-to-assets ratio indicates that the company has managed its debt and assets effectively, consistently maintaining a ratio below 0.5 in recent quarters. This suggests a prudent approach to financial leverage and a stronger ability to meet its financial obligations using its own resources. However, it is important to continue monitoring this ratio to ensure that the company's debt remains at a manageable level relative to its assets.
Peer comparison
Dec 31, 2023