T-Mobile US Inc (TMUS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 3.21 | 3.22 | 3.20 | 3.14 | 3.03 | 3.04 | 2.99 | 3.01 | 2.99 | 2.95 | 3.03 | 3.06 | 3.06 | 2.98 | 2.97 | 3.01 | 3.02 | 3.10 | 3.14 | 3.17 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $207,682,000K ÷ $64,715,000K
= 3.21
The financial leverage ratio for T-Mobile US Inc has been relatively stable around the 3.0 level over the past eight quarters, indicating consistent long-term debt usage to finance its operations. The ratio peaked at 3.22 in Q3 2023 and has ranged between 3.14 and 3.04 in the previous quarters. This suggests that the company relies on debt financing to support its growth and operations. While a higher ratio implies higher financial risk due to increased debt obligations, T-Mobile's ratios around 3.0 indicate a moderate level of leverage, which may be considered acceptable in the telecommunications industry. Overall, the company appears to have a steady and manageable level of financial leverage based on the trend in the ratio over the past two years.