Shenandoah Telecommunications Co (SHEN)
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 | 1,740,270 | 1,694,810 | 1,656,330 | 1,445,920 | 1,214,230 | 1,058,710 | 1,027,460 | 1,006,640 | 977,719 | 922,458 | 891,417 | 883,251 | 890,733 | 1,293,090 | 2,115,230 | 2,082,310 | 2,031,710 | 2,001,300 | 1,880,580 | 1,850,780 |
| Total stockholders’ equity | US$ in thousands | 918,583 | 925,358 | 933,082 | 871,643 | 652,670 | 654,363 | 649,425 | 642,780 | 638,007 | 642,511 | 643,370 | 644,329 | 642,275 | 648,766 | 687,787 | 633,954 | 582,394 | 548,182 | 511,457 | 480,650 |
| Financial leverage ratio | 1.89 | 1.83 | 1.78 | 1.66 | 1.86 | 1.62 | 1.58 | 1.57 | 1.53 | 1.44 | 1.39 | 1.37 | 1.39 | 1.99 | 3.08 | 3.28 | 3.49 | 3.65 | 3.68 | 3.85 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,740,270K ÷ $918,583K
= 1.89
The financial leverage ratio of Shenandoah Telecommunications Co has displayed a declining trend over the past few years, indicating a reduction in the company's reliance on debt to finance its operations. The ratio decreased from 3.85 as of March 31, 2020, to 1.89 as of December 31, 2024. This suggests that the company has been effectively managing its debt levels and gradually improving its financial stability. A lower financial leverage ratio generally signifies lower financial risk and greater ability to weather economic downturns. However, it is important to consider the industry norms and the company's specific circumstances when interpreting this ratio.
Peer comparison
Dec 31, 2024