NCR Voyix Corporation (VYX)
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 | 2,563,000 | 5,552,000 | 5,505,000 | 3,270,000 | 3,277,000 |
| Total assets | US$ in thousands | 4,990,000 | 11,507,000 | 11,641,000 | 8,414,000 | 8,987,000 |
| Debt-to-assets ratio | 0.51 | 0.48 | 0.47 | 0.39 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,563,000K ÷ $4,990,000K
= 0.51
The debt-to-assets ratio of NCR Voyix Corporation has shown a consistent increasing trend over the past five years, indicating a higher proportion of debt relative to assets. The ratio increased from 0.36 in 2019 to 0.51 in 2023. This suggests that the company has been relying more on debt financing to support its operations and growth initiatives.
It is important to note that a higher debt-to-assets ratio can indicate increased financial risk as the company may have a higher level of debt obligations in relation to its assets. This potentially exposes the company to higher interest expenses and could impact its financial stability in periods of economic downturn or rising interest rates.
Further analysis of the company's debt structure and overall financial health would be beneficial to assess its ability to manage its debt levels effectively and to maintain a sustainable capital structure.