Verra Mobility Corp (VRRM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,614,490 | 1,789,980 | 1,756,270 | 1,837,060 | 1,367,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,614,490K
= 0.00
The debt-to-assets ratio for Verra Mobility Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been funding its assets entirely through equity rather than debt during this period. A debt-to-assets ratio of 0.00 signifies a low financial risk as there is no debt contributing to the company's asset base. Verra Mobility Corp's strong equity financing suggests a conservative financial strategy and potentially lower interest expense, providing stability and flexibility in its capital structure. The consistent 0.00 debt-to-assets ratio reflects prudent financial management and a healthy balance sheet position for the company.
Peer comparison
Dec 31, 2024