NCR Voyix Corporation (VYX)
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 | 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 stockholders’ equity | US$ in thousands | 25,000 | 1,372,000 | 1,555,000 | 1,489,000 | 1,480,000 | 1,445,000 | 1,370,000 | 1,323,000 | 1,256,000 | 1,183,000 | 1,154,000 | 1,096,000 | 1,048,000 | 1,195,000 | 1,120,000 | 1,024,000 | 1,104,000 | 726,000 | 542,000 | 449,000 |
| Debt-to-capital ratio | 0.99 | 0.84 | 0.77 | 0.78 | 0.79 | 0.80 | 0.80 | 0.81 | 0.81 | 0.82 | 0.83 | 0.75 | 0.76 | 0.78 | 0.80 | 0.80 | 0.75 | 0.82 | 0.84 | 0.87 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,563,000K ÷ ($2,563,000K + $25,000K)
= 0.99
The debt-to-capital ratio of NCR Voyix Corporation has been fluctuating over the past five years, with a general upward trend observed since 2019. The ratio was at its lowest point at 0.75 in March 2021, followed by a steady increase to 0.99 as of December 2023, indicating a significant rise in the proportion of debt relative to capital in the company's capital structure. This increase may suggest a higher level of financial leverage and potential risks associated with debt repayment obligations. It would be important for stakeholders to closely monitor this trend and assess the company's ability to manage its debt levels effectively in the future.