Vector Group Ltd (VGR)
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 | — | — | 1,398,590 | 1,393,730 | 1,397,220 |
| Total assets | US$ in thousands | 934,095 | 908,591 | 871,087 | 1,343,410 | 1,505,090 |
| Debt-to-assets ratio | 0.00 | 0.00 | 1.61 | 1.04 | 0.93 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $934,095K
= 0.00
The debt-to-assets ratio of Vector Group Ltd has shown a fluctuating trend over the past five years. The ratio has ranged from 1.05 in 2020 to 1.61 in 2021, indicating that the company's level of debt relative to its total assets has varied significantly during this period. In 2023, the ratio decreased to 1.47, suggesting a slight improvement in the company's debt management compared to the previous year. However, it is still relatively high, signaling that a significant portion of Vector Group Ltd's assets is financed through debt. Overall, further monitoring of the trend and its implications on the company's financial health and risk profile would be advisable.
Peer comparison
Dec 31, 2023