Visteon Corp (VC)
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 | 318,000 | 336,000 | 349,000 | 349,000 | 348,000 |
| Total assets | US$ in thousands | 2,727,000 | 2,450,000 | 2,234,000 | 2,271,000 | 2,271,000 |
| Debt-to-assets ratio | 0.12 | 0.14 | 0.16 | 0.15 | 0.15 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $318,000K ÷ $2,727,000K
= 0.12
The debt-to-assets ratio of Visteon Corp. has been trending downwards over the past five years, reflecting a decreasing reliance on debt to finance the company's assets. In 2023, the debt-to-assets ratio was 0.12, indicating that only 12% of the company's assets were financed through debt. This suggests that Visteon Corp. has a strong financial position with a higher proportion of assets being funded through equity rather than debt. The decreasing trend in the debt-to-assets ratio over the years indicates that the company has been actively reducing its debt levels relative to its total assets, which can be seen as a positive indicator of financial stability and lower financial risk.
Peer comparison
Dec 31, 2023