Verisk Analytics Inc (VRSK)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	310,000	384,500	294,000	68,400	1,749,300	1,989,000	2,351,900	2,658,600	2,816,500	2,714,400	2,753,500	2,756,300	2,698,200	2,421,300	2,176,100	2,080,500	2,260,800	2,063,700	2,210,700	2,170,500
Debt-to-capital ratio		0.90	0.88	0.91	0.98	0.57	0.54	0.53	0.47	0.49	0.50	0.49	0.53	0.54	0.56	0.59	0.00	0.54	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,833,700K ÷ ($2,833,700K + $310,000K)
= 0.90

Verisk Analytics Inc's debt-to-capital ratio has exhibited fluctuations over the past eight quarters. The ratio stood at 0.90 in Q4 2023, slightly higher than Q3 2023 (0.88) and Q2 2023 (0.91). Comparing to earlier quarters, the ratio has shown an upward trend from Q4 2022 (0.68) to Q1 2023 (0.98). This increase indicates that the company's reliance on debt to fund its operations and finance its assets has been growing steadily. However, it is worth noting that the ratio remains below 1, reflecting that debt comprises less than 100% of the company's capital structure in each of the quarters analyzed. Overall, Verisk Analytics Inc's debt-to-capital ratio has been on the rise, suggesting a gradual shift towards a more debt-heavy capital structure.