NCR Voyix Corporation (VYX)
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 | 2,563,000 | 7,416,000 | 5,316,000 | 5,406,000 | 5,552,000 | 5,611,000 | 5,497,000 | 5,516,000 | 5,505,000 | 5,534,000 | 5,668,000 | 3,349,000 | 3,270,000 | 4,266,000 | 4,473,000 | 4,081,000 | 3,277,000 | 3,422,000 | 2,918,000 | 2,914,000 |
| Total assets | US$ in thousands | 4,990,000 | 13,215,000 | 11,275,000 | 11,440,000 | 11,507,000 | 11,783,000 | 11,756,000 | 11,715,000 | 11,641,000 | 11,589,000 | 12,063,000 | 8,702,000 | 8,414,000 | 9,828,000 | 9,949,000 | 9,555,000 | 8,987,000 | 8,451,000 | 8,222,000 | 8,198,000 |
| Debt-to-assets ratio | 0.51 | 0.56 | 0.47 | 0.47 | 0.48 | 0.48 | 0.47 | 0.47 | 0.47 | 0.48 | 0.47 | 0.38 | 0.39 | 0.43 | 0.45 | 0.43 | 0.36 | 0.40 | 0.35 | 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 for NCR Voyix Corporation has fluctuated over the past few quarters, ranging from 0.35 to 0.56. A higher ratio indicates that a larger proportion of the company's assets are financed through debt.
In the most recent quarter, the ratio was 0.51, suggesting that the company's debt level relative to its assets decreased compared to the previous quarter. This could be viewed positively as it indicates a potentially stronger financial position with less reliance on debt financing.
It is important to monitor this ratio over time to assess the company's ability to meet its financial obligations and manage its leverage effectively. An increasing trend in the debt-to-assets ratio might signify heightened financial risk, whereas a decreasing trend could indicate improving financial stability.