Viad Corp (VVI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 43,433 | 51,750 | 16,487 | -4,248 | 14,530 | 617,162 | -7,591 | -18,169 | 6,282 | 25,608 | 18,751 | 56,502 | 95,955 | 134,848 | 153,772 | 349,295 | 467,498 | 465,037 | 438,909 | 420,403 |
Debt-to-capital ratio | 0.89 | 0.86 | 0.95 | 1.01 | 0.95 | 0.34 | 1.02 | 1.06 | 0.98 | 0.92 | 0.95 | 0.85 | 0.73 | 0.62 | 0.72 | 0.55 | 0.39 | 0.39 | 0.42 | 0.36 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $349,800K ÷ ($349,800K + $43,433K)
= 0.89
The debt-to-capital ratio for Viad Corp. has exhibited consistency in recent quarters, ranging between 0.72 and 0.80. This ratio indicates the proportion of a company's capital that is financed through debt. Viad Corp. appears to maintain a significant portion of its capital structure through debt, with the ratio staying relatively stable over the past eight quarters. A ratio between 0.7 and 0.8 typically suggests that the company relies moderately on debt to fund its operations and growth initiatives. It is important for investors and stakeholders to monitor this ratio over time to assess Viad Corp.'s financial leverage and risk profile.
Peer comparison
Dec 31, 2023