Iridium Communications's Total Assets for the quarter that ended in Mar. 2024 was $2,736.0 Mil.
During the past 12 months, Iridium Communications's average Total Assets Growth Rate was -6.70% per year.
During the past 3 years, the average Total Assets Growth Rate was -6.00% per year.
During the past 5 years, the average Total Assets Growth Rate was -7.00% per year.
During the past 10 years, the average Total Assets Growth Rate was 1.70% per year.
During the past 13 years, Iridium Communications's highest 3-Year average Total Assets Growth Rate was 1331.80%. The lowest was -8.60%. And the median was 13.70%.
Total Assets is connected with ROA %. Iridium Communications's annualizedROA % for the quarter that ended in Mar. 2024 was 2.91%. Total Assets is also linked to Revenue through Asset Turnover. Iridium Communications's Asset Turnover for the quarter that ended in Mar. 2024 was 0.08.
Iridium Communications Total Assets Historical Data
The historical data trend for Iridium Communications's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Iridium Communications's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Iridium Communications (NAS:IRDM) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Mar. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Iridium Communications's Asset Turnover for the quarter that ended in Mar. 2024 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Iridium Communications Total Assets Related Terms
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Iridium Communications (Iridium Communications) Business Description
Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.
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