VeriSign Inc (VRSN)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,790,200 | 1,787,900 | 1,785,700 | 1,790,080 | 1,787,560 |
| Total assets | US$ in thousands | 1,749,000 | 1,733,400 | 1,983,800 | 1,766,910 | 1,854,010 |
| Debt-to-assets ratio | 1.02 | 1.03 | 0.90 | 1.01 | 0.96 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,790,200K ÷ $1,749,000K
= 1.02
The debt-to-assets ratio of Verisign Inc. has fluctuated over the past five years, ranging from 0.90 in 2021 to 1.03 in 2022. In 2023, the ratio decreased slightly to 1.02. This indicates that the company's level of debt relative to its total assets has remained relatively high, with debt consistently representing over 90% of its total assets.
A ratio above 1 suggests that Verisign Inc. has more debt than assets, which may raise concerns about the company's financial leverage and ability to meet its debt obligations. However, it's important to consider the industry norms and the company's overall financial health when interpreting this ratio.
It is advisable for stakeholders to closely monitor the trend in this ratio over time to assess the company's financial risk and management of debt levels.
Peer comparison
Dec 31, 2023