ViaSat Inc (VSAT)
Debt-to-capital ratio
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 4,354,710 | 4,342,620 | 4,333,130 | 3,610,540 | 1,689,190 | 1,688,440 | 1,687,700 | 1,686,960 | 1,686,220 | 1,685,480 | 1,684,740 | 1,684,000 | 1,683,260 | 1,682,520 | 1,681,770 | 1,680,900 | 1,285,500 | 1,284,910 | 1,284,330 | 1,382,960 |
| Total stockholders’ equity | US$ in thousands | 5,025,430 | 5,103,010 | 5,189,970 | 5,939,510 | 3,824,310 | 2,588,750 | 2,596,560 | 2,652,860 | 2,633,870 | 2,634,450 | 2,634,810 | 2,620,120 | 2,351,470 | 2,318,680 | 2,280,050 | 2,072,970 | 2,027,790 | 2,006,270 | 1,990,910 | 1,963,230 |
| Debt-to-capital ratio | 0.46 | 0.46 | 0.46 | 0.38 | 0.31 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.42 | 0.42 | 0.42 | 0.45 | 0.39 | 0.39 | 0.39 | 0.41 |
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
The debt-to-capital ratio of ViaSat Inc has fluctuated over the past few quarters, with a noticeable increase in the ratio from 0.39 in March 2023 to 0.46 in June 2023 and December 2023. This suggests an increase in the proportion of debt in relation to the total capital employed by the company during these periods.
The ratio experienced a significant decline in March 2023 to 0.31, indicating a lower reliance on debt compared to capital at that time. However, the ratio has generally been above 0.39 since June 2022, indicating a consistent level of debt utilization relative to the total capital structure of the company.
It is important for stakeholders to monitor ViaSat Inc's debt-to-capital ratio trends over time to assess the company's financial risk and leverage levels. Further analysis of the company's debt and capital structure dynamics would provide a more comprehensive understanding of its financial health and strategic positioning.
Peer comparison
Mar 31, 2024