Parsons Corp (PSN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 784,096 | 745,963 | 743,605 | 591,922 | 539,998 |
| Total assets | US$ in thousands | 5,487,960 | 4,804,060 | 4,198,140 | 3,830,940 | 3,937,700 |
| Debt-to-assets ratio | 0.14 | 0.16 | 0.18 | 0.15 | 0.14 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $784,096K ÷ $5,487,960K
= 0.14
The debt-to-assets ratio for Parsons Corp has shown a slight upward trend over the period from December 31, 2020, to December 31, 2024, increasing from 0.14 to 0.15, 0.18, 0.16, and then dropping back to 0.14. This ratio indicates the proportion of the company's assets that are financed by debt. A lower ratio suggests lower financial risk as the company relies less on debt to fund its operations. The slight fluctuations in the debt-to-assets ratio may reflect changes in the company's debt levels or asset composition over the years. Overall, the company has maintained a relatively stable debt-to-assets ratio, indicating a balanced approach to financing its operations.
Peer comparison
Dec 31, 2024