EchoStar Corporation (SATS)
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 | 17,843,600 | 18,752,200 | 1,495,990 | 1,495,260 | 2,389,170 |
| Total assets | US$ in thousands | 57,108,900 | 58,748,300 | 6,045,200 | 7,073,350 | 7,154,300 |
| Debt-to-assets ratio | 0.31 | 0.32 | 0.25 | 0.21 | 0.33 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $17,843,600K ÷ $57,108,900K
= 0.31
The debt-to-assets ratio of EchoStar Corporation has fluctuated over the past five years. In 2023, the ratio stands at 0.31, down slightly from 0.32 in 2022. Compared to 2021, where the ratio was 0.25, the current ratio indicates a higher level of debt relative to assets. When observing a longer trend, the ratio has experienced some variability, reaching a peak of 0.33 in 2019. This indicates that EchoStar Corporation has been utilizing a considerable portion of debt to finance its assets, with fluctuations suggesting changes in the company's debt management strategies over the years. Further analysis and consideration of the company's overall financial health and industry benchmarks would be necessary to provide more context to this ratio.
Peer comparison
Dec 31, 2023