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Iridium Communications Inc   (IRDM)
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    Sector  Technology    Industry Communications Equipment

Iridium Communications Inc 's Tangible Leverage Ratio

IRDM's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to net new borrowings of 0.6%, Tangible Leverage Ratio fell to 1.96, above the Iridium Communications Inc 's average Tangible Leverage Ratio.

Within Communications Equipment industry in the forth quarter 2023, 3 other companies have achieved lower Tangible Leverage Ratio than Iridium Communications Inc in the IV Quarter 2023. While Tangible Leverage Ratio total ranking has improved so far in the forth quarter 2023 to 617, from total ranking in the third quarter 2023 at 2510 .

Explain Tangible Leverage Ratio?
What is IRDM Market Share?
What are IRDM´s Total Liabilities?


IRDM Tangible Leverage Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity Change -22.01 % -19.84 % -15.79 % -9.12 % -12.7 %
Y / Y Total Liabilities Change -0.89 % -6.48 % -5.7 % -5.59 % -4.82 %
Tangible Leverage Ratio MRQ 1.96 1.87 1.72 1.57 1.54
IRDM's Total Ranking # 617 # 2510 # 2522 # 1943 # 552
Seq. Tangible Equity Change -4.14 % -7.79 % -8.16 % -3.92 % -1.48 %
Seq. Total Liabilities Change 0.6 % 0.13 % 0.22 % -1.82 % -5.07 %



Tangible Leverage Ratio forth quarter 2023 Company Ranking
Within: No.
Communications Equipment Industry # 4
Technology Sector # 130
Overall Market # 617


Tangible Leverage Ratio Statistics
High Average Low
1.87 1.44 0.96
(Dec 31 2023)   (Dec 31 2011)




Financial Statements
Iridium Communications Inc 's Tangible Equity $ 847 Millions Visit IRDM's Balance sheet
Iridium Communications Inc 's Total Liabilities $ 1,659 Millions Visit IRDM's Balance sheet
Source of IRDM's Sales Visit IRDM's Sales by Geography


Cumulative Iridium Communications Inc 's Tangible Leverage Ratio

IRDM's Tangible Leverage Ratio for the trailling 12 Months

IRDM Tangible Leverage Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Tangible Equity TTM Growth -22.01 % -19.84 % -15.79 % -9.12 % -12.7 %
Y / Y Total Liabilities TTM Growth -0.89 % -6.48 % -5.7 % -5.59 % -4.82 %
Tangible Leverage Ratio TTM 1.77 1.67 1.61 1.56 1.55
Total Ranking TTM # 1639 # 2518 # 2602 # 2663 # 3003
Seq. Tangible Equity TTM Growth -4.14 % -7.79 % -8.16 % -3.92 % -1.48 %
Seq. Total Liabilities TTM Growth 0.6 % 0.13 % 0.22 % -1.82 % -5.07 %


On the trailing twelve months basis Due to the net new borrowings of 0.6% during the trailing twelve months finishing in the IV Quarter 2023, cumulativeTangible Leverage Ratio improved to 1.77, above the Iridium Communications Inc 's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Communications Equipment industry IRDM recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 5, from total ranking in previous 12 month period at 122.

Explain Tangible Leverage Ratio?
What is IRDM Market Share?
What are IRDM´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Communications Equipment Industry # 0
Technology Sector # 10
Within the Market # 617


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
1.52 1.18 0.99
(Dec 31 2023)   (Dec 31 2019)




Companies with similar Tangible Leverage Ratio in the quarter ending Dec 31 2023, within Communications Equipment Industry Tangible Leverage RatioDec 31 2023 MRQ Total LiabilitiesDec 31 2023 MRQ Tangible Equity
Esco Technologies inc   3.18 $ 618.432  Millions$ 194.440  Millions
Corning Inc  1.97 $ 16,949.000  Millions$ 8,583.000  Millions
Iridium Communications Inc   1.96 $ 1,659.034  Millions$ 847.004  Millions
Iteris inc   1.34 $ 40.411  Millions$ 30.211  Millions
Optical Cable Corporation  0.75 $ 17.146  Millions$ 22.795  Millions

Date modified: 2024-02-15T16:05:39+00:00



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