T-Mobile US Inc (TMUS)
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 | 71,399,000 | 66,796,000 | 67,076,000 | 61,830,000 | 10,958,000 |
| Total assets | US$ in thousands | 207,682,000 | 211,338,000 | 206,563,000 | 200,162,000 | 86,921,000 |
| Debt-to-assets ratio | 0.34 | 0.32 | 0.32 | 0.31 | 0.13 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $71,399,000K ÷ $207,682,000K
= 0.34
The debt-to-assets ratio of T-Mobile US Inc has shown some fluctuations over the past five years, ranging from 0.34 in 2019 to 0.39 in 2021 and 2023. This ratio indicates that, on average, T-Mobile US Inc finances approximately 39% of its assets through debt, implying a moderate level of financial leverage. The slight fluctuations in the ratio suggest that T-Mobile US Inc has been managing its debt levels relative to its assets effectively. It's important to monitor this ratio over time to ensure that the company maintains a healthy balance between debt and assets to sustain its financial stability.