Telephone and Data Systems Inc (TDS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 13,921,000 | 14,550,000 | 13,493,000 | 12,525,000 | 10,781,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,921,000K
= 0.00
Telephone And Data Systems, Inc.'s debt-to-assets ratio has fluctuated over the past five years, ranging from 0.22 to 0.29. The ratio indicates the proportion of the company's assets funded by debt, with a higher ratio suggesting higher leverage and potential financial risk. In 2023, the ratio increased slightly to 0.29 from 0.26 in 2022, indicating a higher reliance on debt to finance assets. This could imply increased financial leverage and potential vulnerability to economic downturns or interest rate changes. However, it is essential to consider the industry norms and the company's overall financial health before making conclusive judgments based solely on this ratio.
Peer comparison
Dec 31, 2023