T-Mobile US Inc (TMUS)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 71,399,000 | — | — | 68,035,000 | 66,796,000 | 64,834,000 | 66,552,000 | 66,861,000 | 67,076,000 | 66,645,000 | 65,897,000 | 66,395,000 | 61,830,000 | 58,345,000 | 62,783,000 | 10,959,000 | 10,958,000 | 10,956,000 | 10,954,000 | 10,952,000 |
| Total assets | US$ in thousands | 207,682,000 | 208,579,000 | 210,602,000 | 210,173,000 | 211,338,000 | 213,499,000 | 209,463,000 | 210,653,000 | 206,563,000 | 202,125,000 | 204,124,000 | 203,332,000 | 200,162,000 | 192,443,000 | 187,199,000 | 87,226,000 | 86,921,000 | 86,109,000 | 84,788,000 | 83,073,000 |
| Debt-to-assets ratio | 0.34 | 0.00 | 0.00 | 0.32 | 0.32 | 0.30 | 0.32 | 0.32 | 0.32 | 0.33 | 0.32 | 0.33 | 0.31 | 0.30 | 0.34 | 0.13 | 0.13 | 0.13 | 0.13 | 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 experienced some fluctuation over the past eight quarters. The ratio has ranged from 0.37 to 0.40 during this period, with the highest values occurring in Q2 and Q3 of 2023.
A debt-to-assets ratio of 0.40 in Q3 and Q2 of 2023 suggests that for every dollar of assets, the company had $0.40 in debt. This indicates that a significant portion of T-Mobile's assets are financed through debt rather than equity.
The trend of the debt-to-assets ratio increasing in the recent quarters could indicate that T-Mobile has been taking on more debt to finance its operations or investments. However, it's important to consider other financial metrics and factors such as the company's debt repayment capabilities, interest rates, and overall financial health when assessing the impact of this trend on the company's financial stability and performance.