ViaSat Inc (VSAT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,025,430 | 3,824,310 | 2,633,870 | 2,351,470 | 2,027,790 |
| Debt-to-capital ratio | 0.46 | 0.31 | 0.39 | 0.42 | 0.39 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $4,354,710K ÷ ($4,354,710K + $5,025,430K)
= 0.46
ViaSat Inc's debt-to-capital ratio has shown fluctuations over the past five years. The ratio increased from 0.39 in March 2020 to 0.42 in March 2021, indicating a higher proportion of debt relative to total capital in that year. However, in the following years, the ratio decreased to 0.39 in March 2022 and then further to 0.31 in March 2023, suggesting a decrease in the company's debt relative to its total capital.
The most recent data point for March 2024 reveals an increase in the debt-to-capital ratio to 0.46, indicating a higher reliance on debt financing compared to the previous year. This increase may suggest that ViaSat Inc has taken on more debt relative to its overall capital structure in the most recent period.
Overall, the trend in ViaSat Inc's debt-to-capital ratio shows variability, with the company experiencing fluctuations in its debt levels relative to its capital structure over the past five years. Investors and analysts may want to monitor this ratio closely to assess the company's leverage and financial risk profile.
Peer comparison
Mar 31, 2024