Xerox Corp (XRX)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,538,000 | 2,789,000 | 3,384,000 | 3,459,000 | 3,343,000 | 3,243,000 | 3,873,000 | 4,184,000 | 4,436,000 | 5,188,000 | 5,287,000 | 5,425,000 | 5,592,000 | 5,448,000 | 5,477,000 | 5,393,000 | 5,587,000 | 4,855,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,538,000K)
= 0.00
Based on the provided data, Xerox Holdings Corp's debt-to-capital ratio has exhibited some fluctuation over the past eight quarters. The ratio has ranged from 0.46 to 0.55 during this period.
The trend indicates that the company's reliance on debt relative to its capital structure has varied, with a general upward movement observed from Q2 2022 to Q4 2023.
A debt-to-capital ratio of above 0.50 generally indicates that the company has more debt than equity in its capital structure. While Xerox's ratios have mostly been above this threshold, the slight fluctuations suggest that the company may be actively managing its debt levels relative to its capital base.
It would be advisable for stakeholders to continue monitoring Xerox's debt-to-capital ratio over time to assess the company's financial leverage and risk management strategies.
Peer comparison
Dec 31, 2023