Verisk Analytics Inc (VRSK)

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	2,833,700	2,833,700	2,832,700	2,832,400	2,342,600	2,342,300	2,692,400	2,342,600	2,692,000	2,691,600	2,691,300	3,141,100	3,140,800	3,140,400	3,140,000	—	2,650,400	—	—	—
Total assets	US$ in thousands	4,366,100	4,363,900	4,315,700	4,190,000	6,961,100	6,974,600	7,508,900	8,159,000	7,808,100	7,662,500	7,713,600	7,810,500	7,561,800	7,219,600	7,007,900	6,928,100	7,055,200	6,289,100	6,234,000	6,341,100
Debt-to-assets ratio		0.65	0.65	0.66	0.68	0.34	0.34	0.36	0.29	0.34	0.35	0.35	0.40	0.42	0.43	0.45	0.00	0.38	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,833,700K ÷ $4,366,100K
= 0.65

Verisk Analytics Inc's debt-to-assets ratio has remained relatively stable over the past eight quarters, ranging from 0.45 to 0.68. In the most recent quarter, Q4 2023, the ratio stood at 0.66, indicating that 66% of the company's assets are financed by debt.

The trend in the debt-to-assets ratio shows a slight increase from Q1 2023 to Q4 2023, suggesting a potential increase in the company's reliance on debt to finance its assets. However, it is vital to note that overall, the ratio has fluctuated within a relatively narrow range since Q1 2022, indicating a consistent approach to leveraging debt in the company's capital structure.

A debt-to-assets ratio of 0.66 implies that Verisk Analytics Inc relies moderately on debt financing compared to equity. Investors and stakeholders may monitor this ratio to assess the company's financial leverage and risk exposure, as higher ratios indicate higher financial risk but also potentially higher returns.