Telephone and Data Systems Inc (TDS)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 13,921,000 | 14,550,000 | 13,493,000 | 12,525,000 | 10,781,000 |
| Total stockholders’ equity | US$ in thousands | 5,202,000 | 5,849,000 | 5,927,000 | 4,804,000 | 4,653,000 |
| Financial leverage ratio | 2.68 | 2.49 | 2.28 | 2.61 | 2.32 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $13,921,000K ÷ $5,202,000K
= 2.68
The financial leverage ratio for Telephone And Data Systems, Inc. has fluctuated over the past five years, indicating varying levels of debt utilization to finance the company's assets. The ratio increased from 2.32 in 2019 to 2.61 in 2020, suggesting higher financial risk during that period. It then decreased to 2.28 in 2021, indicating a reduction in debt relative to equity. In 2022, the ratio rose to 2.49, reflecting a slight increase in leverage. Finally, in 2023, the financial leverage ratio reached 2.68, indicating a higher proportion of debt used to fund the company's operations compared to the previous year. Overall, the trend in the financial leverage ratio suggests a somewhat volatile capital structure for Telephone And Data Systems, Inc.
Peer comparison
Dec 31, 2023