EchoStar Corporation (SATS)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 60,938,700 | 57,108,900 | 6,199,000 | 6,045,200 | 7,073,350 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $60,938,700K
= 0.00
Based on the provided data, EchoStar Corporation has consistently maintained a debt-to-assets ratio of 0.00 for the years ending December 31, 2020 through December 31, 2024. This indicates that the company has not utilized debt as a source of financing to acquire its assets during these years. A debt-to-assets ratio of 0.00 suggests that EchoStar has funded its assets entirely through equity or other non-debt sources, indicating a lower financial risk and a strong financial position in terms of solvency and stability. However, it is important to note that while a low debt-to-assets ratio may indicate financial strength, it may also imply potential missed opportunities for leveraging debt to maximize returns on equity.
Peer comparison
Dec 31, 2024