Vistra Energy Corp (VST)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 32,966,000 | 32,787,000 | 29,683,000 | 25,208,000 | 26,616,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $32,966,000K
= 0.00
The debt-to-assets ratio of Vistra Corp has shown an increasing trend over the past five years, reaching 0.44 at the end of 2023. This indicates that the company's level of debt relative to its total assets has been gradually rising.
In 2023, for every dollar of assets, Vistra Corp had 44 cents of debt. This suggests that the company relies more on debt financing rather than equity financing to support its operations and investments.
While an increasing debt-to-assets ratio can indicate potential financial risk and reduced financial flexibility, it is important to consider the reasons behind the increase before drawing conclusions. Further analysis of Vistra Corp's financial health, cash flow, interest coverage ratio, and overall business strategy would be necessary to fully understand the implications of this trend.
Peer comparison
Dec 31, 2023