Verra Mobility Corp (VRRM)

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	1,029,110	1,030,350	1,129,690	1,140,710	1,190,040	1,204,010	1,205,170	1,206,280	1,206,800	965,362	966,066	965,945	832,941	833,624	834,317	835,507	837,686	858,189	859,133	859,768
Total assets	US$ in thousands	1,789,980	1,756,080	1,906,160	1,710,890	1,756,270	1,718,330	1,779,860	1,824,480	1,837,060	1,481,920	1,559,190	1,497,210	1,367,320	1,371,970	1,355,120	1,374,130	1,407,430	1,375,860	1,346,450	1,365,610
Debt-to-assets ratio		0.57	0.59	0.59	0.67	0.68	0.70	0.68	0.66	0.66	0.65	0.62	0.65	0.61	0.61	0.62	0.61	0.60	0.62	0.64	0.63

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 a fluctuating trend over the past eight quarters. The ratio has ranged from 0.58 to 0.71 during this period. It decreased from 0.69 in Q4 2022 to 0.58 in Q4 2023, indicating an improvement in the company's ability to cover its assets with debt.

However, it's worth noting that the ratio increased in the following quarter to 0.59 in Q3 2023 and continued to rise, reaching 0.60 in Q2 2023. This suggests that the company may be taking on more debt relative to its assets in these quarters.

In Q1 2023, the ratio reached its peak at 0.67, signifying a higher proportion of debt to assets compared to the previous quarters. This trend continued into Q2 2023 before slightly decreasing in Q3 2023.

Overall, the debt-to-assets ratio of Verra Mobility Corp has displayed variability, with some quarters showing an increase in leverage and others showing a more conservative approach in managing debt relative to assets. It is essential for stakeholders to continue monitoring this ratio to assess the company's financial risk and solvency position accurately.