EchoStar Corporation (SATS)
Debt-to-equity 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-equity ratio | 0.90 | 0.00 | 0.00 | 0.00 | 0.87 | 0.00 | 0.00 | 0.00 | 0.45 | 0.43 | 0.43 | 0.43 | 0.42 | 0.42 | 0.42 | 0.67 | 0.65 | 0.00 | 0.00 | 0.00 |
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 shown fluctuations over the past few quarters, indicating changes in the company's financial leverage. As of December 31, 2023, the debt-to-equity ratio stands at 0.90, indicating that the company has higher levels of debt compared to equity. This suggests that a significant portion of EchoStar's assets are funded by debt.
Looking back at previous periods, the debt-to-equity ratio was 0.87 as of December 31, 2022, showing a slight increase from the current period. However, the ratio has varied significantly in the past, ranging from 0.42 to 0.90, indicating fluctuations in the company's debt and equity levels.
The absence of debt in some quarters, such as September 30, 2023, June 30, 2023, and March 31, 2023, suggests that EchoStar may have had periods where it operated with a capital structure primarily supported by equity financing.
Overall, monitoring the debt-to-equity ratio of EchoStar Corporation is important for assessing the company's financial risk and leverage position. Fluctuations in this ratio can provide insights into the company's capital structure decisions and financial health.
Peer comparison
Dec 31, 2023