Parsons Corp (PSN)
Debt-to-assets 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 | 784,096 | 1,132,980 | 1,247,310 | 1,246,440 | 745,963 | 820,366 | 744,777 | 744,140 | 743,605 | 694,718 | 792,982 | 592,450 | 591,922 | 591,399 | 590,876 | 590,346 | 539,998 | 537,119 | — | — |
| Total assets | US$ in thousands | 5,487,960 | 5,443,340 | 5,238,730 | 5,098,440 | 4,804,060 | 4,732,990 | 4,507,510 | 4,255,810 | 4,198,140 | 4,094,990 | 4,109,800 | 3,808,840 | 3,830,940 | 3,823,930 | 3,839,300 | 3,865,000 | 3,937,700 | 3,918,760 | 3,451,180 | 3,488,600 |
| Debt-to-assets ratio | 0.14 | 0.21 | 0.24 | 0.24 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | 0.17 | 0.19 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.00 | 0.00 |
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 of Parsons Corp has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio was stable at 0.00 from March 2020 to June 2020, indicating that the company had no debt relative to its total assets during that period.
From September 2020 to December 2020, the ratio increased to 0.14, which suggests that 14% of the company's assets were funded by debt. The ratio continued to increase gradually to 0.19 by June 2022, indicating a higher reliance on debt to finance its assets.
However, the ratio decreased slightly in the following quarters, reaching 0.16 by December 2023, before experiencing a significant spike to 0.24 by June 2024. This sharp increase suggests that the company may have taken on additional debt relative to its asset base during that period.
The ratio then decreased to 0.14 by December 2024, potentially indicating a reduction in the company's debt levels or an increase in its total assets. Overall, the trend in Parsons Corp's debt-to-assets ratio shows some volatility, with periods of both stability and fluctuation in the company's debt financing relative to its total assets.
Peer comparison
Dec 31, 2024