EchoStar Corporation (SATS)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 17,843,600 | — | — | — | 18,752,200 | — | — | — | 1,495,990 | 1,495,800 | 1,495,620 | 1,495,440 | 1,495,260 | 1,495,080 | 1,494,900 | 2,390,220 | 2,389,170 | — | — | — |
| Total assets | US$ in thousands | 57,108,900 | 6,230,460 | 6,237,040 | 6,193,790 | 58,748,300 | 6,125,300 | 6,118,520 | 6,169,750 | 6,045,200 | 6,182,360 | 6,209,610 | 6,951,810 | 7,073,350 | 7,025,540 | 6,976,190 | 6,959,620 | 7,154,300 | 7,037,750 | 7,950,090 | 8,778,890 |
| Debt-to-assets ratio | 0.31 | 0.00 | 0.00 | 0.00 | 0.32 | 0.00 | 0.00 | 0.00 | 0.25 | 0.24 | 0.24 | 0.22 | 0.21 | 0.21 | 0.21 | 0.34 | 0.33 | 0.00 | 0.00 | 0.00 |
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 for EchoStar Corporation has shown some fluctuations over the past few quarters. The ratio was 0.31 as of December 31, 2023, which indicates that the company had a moderate level of debt relative to its total assets at that time. Prior to that, the ratio was 0.32 as of December 31, 2022, suggesting a similar level of debt relative to assets.
However, there were periods such as September 30, 2023, where the ratio was 0.00, indicating either a very low level of debt or a significant increase in assets. This pattern continued in several previous quarters where the ratio was also 0.00.
On the other hand, the ratio was a bit lower at 0.25 as of December 31, 2021, and 0.24 as of September 30, 2021, which suggests that EchoStar had slightly less debt relative to its assets during those periods compared to more recent quarters.
Overall, the debt-to-assets ratio for EchoStar Corporation has been relatively stable with some periods showing no debt or very low debt levels compared to assets, while other periods have indicated a moderate level of debt relative to total assets.
Peer comparison
Dec 31, 2023