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.