Verra Mobility Corp (VRRM)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	421,467	404,056	465,300	237,108	231,070	194,891	244,223	275,815	259,964	243,666	316,425	308,518	315,572	325,722	309,150	330,134	309,614	327,591	309,828	304,821
Debt-to-equity ratio		2.44	2.55	2.43	4.81	5.15	6.18	4.93	4.37	4.64	3.96	3.05	3.13	2.64	2.56	2.70	2.53	2.71	2.62	2.77	2.82

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,029,110K ÷ $421,467K
= 2.44

The debt-to-equity ratio for Verra Mobility Corp has fluctuated over the past eight quarters, ranging from 2.45 to 6.22. A higher debt-to-equity ratio indicates that the company is relying more on debt financing rather than equity financing to fund its operations and growth.

The company's debt-to-equity ratio peaked at 6.22 in Q3 2022, indicating a significant level of debt relative to equity at that time. Subsequently, the ratio has gradually decreased, reaching its lowest point of 2.45 in Q2 2023. This reduction suggests a potential shift towards a more conservative capital structure or a decrease in the level of debt compared to equity.

Overall, Verra Mobility Corp has shown fluctuations in its debt-to-equity ratio, which could indicate changes in its financial leverage and risk profile over the analyzed periods. However, a thorough analysis incorporating other financial and operational factors would be necessary to gain a more comprehensive understanding of the company's financial health and strategy.