Xerox Corp (XRX)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 10,008,000 | 11,543,000 | 13,223,000 | 14,741,000 | 15,047,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,008,000K
= 0.00
The debt-to-assets ratio of Xerox Holdings Corp has shown a slight increase from 0.29 in 2019 to 0.33 in 2023, indicating that the company has increased its reliance on debt to finance its assets over the years. This upward trend suggests that a larger portion of the company's assets are funded by debt rather than equity. While the ratio is historically low and indicates a relatively conservative approach to debt management, investors should closely monitor this metric to ensure that the company's debt levels remain sustainable and do not pose a significant risk to its financial stability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
Xerox Corp
XRX
0.00
Corsair Gaming Inc
CRSR
0.14
Fortinet Inc
FTNT
0.14
Palo Alto Networks Inc
PANW
0.00