VeriSign Inc (VRSN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	-1,581,000	-1,562,200	-1,260,500	-1,390,200	-1,490,100
Debt-to-capital ratio		8.56	7.92	3.40	4.48	6.01

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,790,200K ÷ ($1,790,200K + $-1,581,000K)
= 8.56

Verisign Inc.'s debt-to-capital ratio has shown fluctuations over the past five years. The ratio increased from 6.01% in 2019 to 8.56% in 2023, indicating a higher reliance on debt financing compared to total capital. This rise in the ratio suggests that the company has taken on more debt relative to its overall capital structure in the most recent year.

In 2022, the ratio decreased to 7.92%, but remained relatively high compared to the 2021 and 2020 levels. The significant increase in the ratio from 3.40% in 2021 to 4.48% in 2020 indicates a higher proportion of debt in the capital structure during that period.

Overall, the trend in Verisign Inc.'s debt-to-capital ratio demonstrates variability, highlighting fluctuations in the company's debt levels relative to its capital over the five-year period. This may be indicative of strategic decisions regarding financing and capital structure that Verisign Inc. has made in response to changing business conditions and financial requirements.