Verra Mobility Corp (VRRM)
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 | 1,029,110 | 1,190,040 | 1,206,800 | 832,941 | 837,686 |
| Total assets | US$ in thousands | 1,789,980 | 1,756,270 | 1,837,060 | 1,367,320 | 1,407,430 |
| Debt-to-assets ratio | 0.57 | 0.68 | 0.66 | 0.61 | 0.60 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,029,110K ÷ $1,789,980K
= 0.57
The debt-to-assets ratio of Verra Mobility Corp has shown some fluctuations over the past five years. In 2023, the ratio stands at 0.58, indicating that 58% of the company's assets are financed through debt. This represents a decrease from the 2022 ratio of 0.69. Comparing the current ratio to the figures from previous years, we observe that it is lower than the ratios for 2022 and 2021, suggesting that the company has reduced its reliance on debt to fund its assets. However, the ratio is higher than the figures for 2020 and 2019, indicating a higher level of debt financing compared to those years. Overall, the decreasing trend in the debt-to-assets ratio from 2022 to 2023 may suggest improved financial health and lower financial risk for Verra Mobility Corp.
Peer comparison
Dec 31, 2023