Shenandoah Telecommunications Co (SHEN)

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 292,804 147,494 123,795 98,655 74,306 24,869 0 0 0 672,601 680,531 688,464 696,378 719,067 726,970
Total stockholders’ equity US$ in thousands 652,670 654,363 649,425 642,780 638,007 642,511 643,370 644,329 642,275 642,852 682,110 628,507 577,051 548,182 511,457 480,650 468,135 477,839 464,034 454,599
Debt-to-capital ratio 0.31 0.18 0.16 0.13 0.10 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.57 0.59 0.60 0.59 0.61 0.62

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $292,804K ÷ ($292,804K + $652,670K)
= 0.31

The debt-to-capital ratio of Shenandoah Telecommunications Co. has shown a fluctuating trend over the past eight quarters. The ratio has been on an upward trajectory, starting at 0.01 in Q1 2022 and reaching 0.32 in Q4 2023. This indicates an increase in the company's reliance on debt as a source of financing relative to its total capital over time.

The significant increase in the debt-to-capital ratio from 0.11 in Q4 2022 to 0.32 in Q4 2023 suggests that Shenandoah Telecommunications Co. may be taking on more debt relative to its equity position, which could raise concerns about its financial leverage and ability to meet its debt obligations.

It is important for investors and stakeholders to closely monitor this trend and assess the company's ability to manage its increasing debt levels effectively to ensure its long-term financial stability and sustainability. Additionally, further analysis of the company's overall financial performance and debt management strategies would be beneficial in understanding the implications of the rising debt-to-capital ratio.


Peer comparison

Dec 31, 2023