ViaSat Inc (VSAT)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,354,710 | 1,689,190 | 1,686,220 | 1,683,260 | 1,285,500 |
| Total assets | US$ in thousands | 16,329,400 | 7,730,340 | 6,389,350 | 5,349,470 | 4,883,870 |
| Debt-to-assets ratio | 0.27 | 0.22 | 0.26 | 0.31 | 0.26 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,354,710K ÷ $16,329,400K
= 0.27
The debt-to-assets ratio measures the proportion of a company's total debt to its total assets. A higher ratio indicates a greater portion of the company's assets are funded by debt.
ViaSat Inc's debt-to-assets ratio has fluctuated over the past five years. As of March 31, 2024, the ratio stands at 0.27, slightly higher compared to the previous year but lower than the ratio in 2021. This indicates that approximately 27% of ViaSat's assets are financed by debt.
The trend of the debt-to-assets ratio over the years suggests that ViaSat has been managing its debt levels relative to its assets quite effectively. While the ratio has experienced some variation, it has generally remained within a moderate range, indicating a balanced approach to leveraging debt.
Investors and creditors may view a lower debt-to-assets ratio favorably as it signifies less financial risk and potentially greater financial stability. However, it is essential to consider industry norms and the company's specific circumstances when interpreting this ratio.
Overall, ViaSat Inc's debt-to-assets ratio reflects a moderate level of debt utilization in financing its operations, indicating a reasonably healthy balance between debt and assets.
Peer comparison
Mar 31, 2024