EchoStar Corporation (SATS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 19,880,200 | 21,487,600 | 3,353,830 | 3,542,330 | 3,669,800 |
| Debt-to-equity ratio | 0.90 | 0.87 | 0.45 | 0.42 | 0.65 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $17,843,600K ÷ $19,880,200K
= 0.90
The debt-to-equity ratio of EchoStar Corporation has fluctuated over the past five years, with a general upward trend from 2019 to 2023. In 2019, the ratio was 0.65, indicating that the company had more debt than equity. By 2021, the ratio significantly decreased to 0.45, suggesting a lower reliance on debt compared to equity for financing. However, there was a notable increase in the debt-to-equity ratio to 0.90 by the end of 2023, indicating a higher proportion of debt relative to equity in the company's capital structure. This trend may raise concerns about the company's financial leverage and ability to meet its debt obligations. Further analysis of the factors contributing to this increase in leverage is recommended to assess the company's financial health and risk profile more comprehensively.
Peer comparison
Dec 31, 2023