NCR Voyix Corporation (VYX)
Debt-to-equity 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-equity ratio | 102.52 | 5.41 | 3.42 | 3.63 | 3.75 | 3.88 | 4.01 | 4.17 | 4.38 | 4.68 | 4.91 | 3.06 | 3.12 | 3.57 | 3.99 | 3.99 | 2.97 | 4.71 | 5.38 | 6.49 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,563,000K ÷ $25,000K
= 102.52
The debt-to-equity ratio of NCR Voyix Corporation has fluctuated significantly over the past few years, with a notable increase in recent periods. The ratio stood at 102.52 at December 31, 2023, indicating a high level of debt relative to equity. This sharp increase may raise concerns about the company's financial leverage and ability to meet its debt obligations.
Prior to this significant increase, the debt-to-equity ratio had been relatively stable between 3 and 6 over the previous years. Ratios in this range are typically considered reasonable, as they suggest a balanced mix of debt and equity financing.
The sudden spike in the debt-to-equity ratio in the most recent period may indicate a recent substantial borrowing or a decline in equity, which could be a cause for further investigation into NCR Voyix Corporation's financial health and risk profile. Investors and creditors may scrutinize the company's ability to manage its debt levels and assess the associated risks going forward.