Telephone and Data Systems Inc (TDS)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 5,202,000 | 5,849,000 | 5,927,000 | 4,804,000 | 4,653,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,202,000K)
= 0.00
The debt-to-capital ratio of Telephone And Data Systems, Inc. has shown some fluctuation over the past five years.
In 2019 and 2021, the company had a debt-to-capital ratio of 0.33, indicating that 33% of the company's capital structure was financed through debt during those years. This level suggests a moderate reliance on debt financing compared to equity.
In 2020, the ratio increased to 0.42, indicating a higher proportion of debt in the capital structure, possibly due to increased borrowing or a decrease in shareholder equity.
In 2022, the ratio decreased slightly to 0.39, indicating a slight shift towards a more equity-heavy capital structure compared to the previous year.
The most recent data for 2023 shows a further increase in the debt-to-capital ratio to 0.44, suggesting a higher reliance on debt financing compared to the previous year.
Overall, the trend in the debt-to-capital ratio for Telephone And Data Systems, Inc. indicates some variability in the company's capital structure over the years, with fluctuations that may reflect changes in borrowing levels, equity investments, or other financial decisions impacting the company's leverage.
Peer comparison
Dec 31, 2023