Vector Group Ltd (VGR)
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 | — | — | — | — | — | 1,389,160 | 1,400,700 | 1,399,630 | 1,398,590 | 1,400,880 | 1,402,830 | 1,405,400 | 1,393,730 | 1,395,960 | 1,398,190 | 1,395,620 | 1,397,220 | 1,178,240 | 1,180,150 | 1,387,940 |
| Total assets | US$ in thousands | 934,095 | 1,101,020 | 1,033,220 | 955,938 | 908,591 | 1,049,280 | 994,604 | 912,570 | 871,087 | 1,535,960 | 1,496,380 | 1,403,590 | 1,343,410 | 1,442,980 | 1,343,410 | 1,494,820 | 1,505,090 | 1,486,680 | 1,455,160 | 1,429,160 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.32 | 1.41 | 1.53 | 1.61 | 0.91 | 0.94 | 1.00 | 1.04 | 0.97 | 1.04 | 0.93 | 0.93 | 0.79 | 0.81 | 0.97 |
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 some fluctuations over the past eight quarters, ranging from 1.26 to 1.55. This ratio measures the proportion of the company's total assets that are financed by debt. A higher ratio indicates a larger percentage of assets being funded by debt, which can be a sign of increased financial risk.
In the most recent quarter, Q4 2023, the debt-to-assets ratio was 1.47, indicating that approximately 47% of Vector Group's assets were financed by debt. This represents an increase from the previous quarter, suggesting that the company may be taking on more debt relative to its assets.
Overall, the trend in the debt-to-assets ratio for Vector Group Ltd has been fluctuating but generally on the higher side, which may warrant further investigation into the company's debt management and financial stability. It is essential for investors and stakeholders to monitor this ratio over time to assess the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023