T-Mobile US Inc (TMUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 64,715,000 | 64,698,000 | 65,750,000 | 66,925,000 | 69,656,000 | 70,150,000 | 70,034,000 | 69,976,000 | 69,102,000 | 68,427,000 | 67,470,000 | 66,377,000 | 65,344,000 | 64,487,000 | 62,996,000 | 28,977,000 | 28,789,000 | 27,771,000 | 26,967,000 | 26,181,000 |
| Debt-to-capital ratio | 0.52 | 0.00 | 0.00 | 0.50 | 0.49 | 0.48 | 0.49 | 0.49 | 0.49 | 0.49 | 0.49 | 0.50 | 0.49 | 0.47 | 0.50 | 0.27 | 0.28 | 0.28 | 0.29 | 0.29 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $71,399,000K ÷ ($71,399,000K + $64,715,000K)
= 0.52
The debt-to-capital ratio of T-Mobile US Inc has remained relatively stable around 0.53 to 0.56 across the quarters of 2022 and 2023. This ratio indicates the proportion of the company's capital structure funded by debt and reflects a moderate level of leverage. The consistency in the ratio suggests that T-Mobile has been managing its debt and capital in a balanced manner. The slight increase from 0.53 in Q4 2022 to 0.56 in Q4 2023 may indicate a slight increase in debt compared to total capital, but overall, the company's debt levels have remained manageable. It is essential for investors and stakeholders to monitor the trend of this ratio over time to assess the company's financial health and risk profile.