EchoStar Corporation (SATS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 19,880,200 | 3,573,400 | 3,574,120 | 3,546,080 | 21,487,600 | 3,439,330 | 3,398,230 | 3,446,200 | 3,353,830 | 3,462,910 | 3,510,610 | 3,494,110 | 3,542,330 | 3,554,560 | 3,525,840 | 3,547,350 | 3,669,800 | 3,674,720 | 4,230,880 | 4,168,100 |
| Debt-to-capital ratio | 0.47 | 0.00 | 0.00 | 0.00 | 0.47 | 0.00 | 0.00 | 0.00 | 0.31 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.40 | 0.39 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $17,843,600K ÷ ($17,843,600K + $19,880,200K)
= 0.47
The debt-to-capital ratio for EchoStar Corporation has shown variability over the past few quarters. As of December 31, 2023, the ratio stands at 0.47, indicating that debt makes up 47% of the company's capital structure. This represents a significant increase compared to the previous quarter where the ratio was 0.31. However, it is worth noting that in several quarters, including September 2023, June 2023, and March 2023, the ratio was reported as 0.00, suggesting either minimal or no debt in the capital structure during those periods.
The company seems to have a history of managing its debt levels, as reflected in the fluctuations of the debt-to-capital ratio. Overall, a low ratio indicates a lower reliance on debt financing, which can be seen during certain quarters. However, the increase in the ratio in some periods may suggest a shift in the company's capital structure towards more debt financing.
Further analysis and comparison with industry benchmarks would be beneficial to understand the company's debt management strategies and how they contribute to its overall financial health and risk profile.
Peer comparison
Dec 31, 2023