EchoStar Corporation (SATS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.87 | 1.74 | 1.75 | 1.75 | 2.73 | 1.78 | 1.80 | 1.79 | 1.80 | 1.79 | 1.77 | 1.99 | 2.00 | 1.98 | 1.98 | 1.96 | 1.95 | 1.92 | 1.88 | 2.11 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $57,108,900K ÷ $19,880,200K
= 2.87
The financial leverage ratio of EchoStar Corporation has shown fluctuations over the past several quarters. The ratio has ranged from 1.74 to 2.87 during the period under consideration.
The financial leverage ratio measures the extent to which the company relies on debt to finance its operations. A higher ratio indicates higher financial leverage, meaning that the company has a higher level of debt relative to its equity.
EchoStar Corporation's financial leverage ratio reached a peak of 2.87 at the end of December 2023, which suggests a higher reliance on debt to fund its operations compared to previous quarters. This could indicate potential financial risk associated with high debt levels.
It is essential to monitor the trend of the financial leverage ratio over time to assess the company's capital structure and debt management strategies. Fluctuations in the ratio can provide insights into the company's financial health and risk profile.
Peer comparison
Dec 31, 2023