Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 10,008,000 | 10,444,000 | 10,569,000 | 11,046,000 | 11,543,000 | 11,420,000 | 12,270,000 | 13,082,000 | 13,223,000 | 14,081,000 | 14,110,000 | 14,272,000 | 14,741,000 | 15,352,000 | 14,125,000 | 14,784,000 | 15,047,000 | 14,660,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 some fluctuations over the past eight quarters. The ratio ranged from 0.29 to 0.35 during this period, with an average of around 0.32. This indicates that, on average, about 32% of the company's assets are financed by debt.
A decreasing trend in the debt-to-assets ratio from Q2 2023 to Q4 2023 can be observed, suggesting a potential improvement in the company's financial health and risk exposure. Lower debt-to-assets ratios typically indicate a lesser reliance on debt for funding, which can reduce financial risk and enhance the company's ability to withstand economic downturns.
It is important to note that the debt-to-assets ratio should be analyzed in conjunction with other financial metrics to provide a comprehensive assessment of Xerox Holdings Corp's overall financial position and performance.
Peer comparison
Dec 31, 2023