EchoStar Corporation (SATS)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 60,938,700 | 57,547,400 | 55,255,200 | 55,556,400 | 57,108,900 | 6,230,460 | 6,237,040 | 6,193,790 | 6,199,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 20,191,400 | 19,442,900 | 19,573,000 | 19,777,200 | 19,880,200 | 3,573,400 | 3,574,120 | 3,546,080 | 3,502,620 | 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 |
| Financial leverage ratio | 3.02 | 2.96 | 2.82 | 2.81 | 2.87 | 1.74 | 1.75 | 1.75 | 1.77 | 1.78 | 1.80 | 1.79 | 1.80 | 1.79 | 1.77 | 1.99 | 2.00 | 1.98 | 1.98 | 1.96 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $60,938,700K ÷ $20,191,400K
= 3.02
The financial leverage ratio of EchoStar Corporation has shown some fluctuations over the years, indicating changes in the company's debt levels relative to its equity.
From March 2020 to June 2021, the ratio remained relatively stable between 1.96 and 1.77, suggesting a moderate level of financial leverage. However, from December 2023 to December 2024, there was a significant increase in the ratio from 1.77 to 3.02, indicating a substantial rise in debt relative to equity during this period.
A higher financial leverage ratio implies that the company relies more on debt financing, which can amplify returns but also increase financial risk. It is important for investors and stakeholders to closely monitor changes in the financial leverage ratio to assess the company's ability to meet its financial obligations and manage its debt levels effectively.
Peer comparison
Dec 31, 2024