Sabre Corpo (SABR)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	4,829,460	4,717,090	4,723,680	4,717,810	3,261,820
Total assets	US$ in thousands	4,672,190	4,962,880	5,291,330	6,077,720	5,689,960
Debt-to-assets ratio		1.03	0.95	0.89	0.78	0.57

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,829,460K ÷ $4,672,190K
= 1.03

Sabre Corp's debt-to-assets ratio has been increasing steadily over the past five years, reaching 1.03 in 2023 from 0.59 in 2019. This indicates that the company's reliance on debt to finance its assets has been growing over time. A ratio above 1 suggests that the company's total debt exceeds its total assets, which may raise concerns about the company's solvency and ability to repay its obligations. Investors and creditors may view a high debt-to-assets ratio as a sign of financial risk and potential difficulties in meeting debt obligations. Sabre Corp should closely monitor its debt levels and consider strategies to reduce its reliance on debt to maintain a healthy balance sheet and financial stability.