Viad Corp (VVI)

Debt-to-assets ratio

		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	Mar 31, 2019
Long-term debt	US$ in thousands	349,800	326,700	320,800	318,100	301,800	322,200	340,800	330,600	328,900	310,500	355,100	329,100	254,000	222,000	398,300	430,100	304,000	297,800	316,600	239,100
Total assets	US$ in thousands	1,137,320	1,200,540	1,152,770	1,104,280	1,090,350	39,646	1,141,160	1,059,550	1,037,630	1,057,560	944,476	904,655	853,224	869,092	998,464	1,247,460	1,318,690	1,286,370	1,222,180	1,044,610
Debt-to-assets ratio		0.31	0.27	0.28	0.29	0.28	8.13	0.30	0.31	0.32	0.29	0.38	0.36	0.30	0.26	0.40	0.34	0.23	0.23	0.26	0.23

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $349,800K ÷ $1,137,320K
= 0.31

The debt-to-assets ratio of Viad Corp. has been relatively stable over the past eight quarters, ranging from 0.39 to 0.43. This ratio indicates the proportion of the company's assets that are funded by debt, with a lower ratio generally implying lower financial risk.

Viad Corp.'s decreasing trend in the debt-to-assets ratio from Q1 2022 to Q4 2023 suggests that the company has been reducing its reliance on debt financing relative to its total assets. This can be viewed positively by investors and creditors as it shows improved financial stability and a stronger balance sheet.

However, it is important to note that a debt-to-assets ratio of 0.40 to 0.43 still indicates a substantial amount of debt compared to assets, which could expose the company to risks associated with debt repayment obligations. It is advisable for Viad Corp. to continue to monitor and manage its debt levels effectively to maintain a healthy financial position in the long term.