ACI Worldwide Inc (ACIW)

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	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	963,599	987,221	991,829	1,010,940	1,024,350	947,750	1,031,130	1,036,380	1,019,870	1,033,350	1,071,820	1,097,160	1,120,740	1,234,320	1,282,890	1,321,450	1,339,010	1,373,560	1,352,100	645,784
Total stockholders’ equity	US$ in thousands	1,324,300	1,211,040	1,172,530	1,167,630	1,193,190	1,198,220	1,208,360	1,224,670	1,244,780	1,195,550	1,178,560	1,197,720	1,206,600	1,122,840	1,090,740	1,067,800	1,129,970	1,058,940	1,052,580	1,032,580
Debt-to-capital ratio		0.42	0.45	0.46	0.46	0.46	0.44	0.46	0.46	0.45	0.46	0.48	0.48	0.48	0.52	0.54	0.55	0.54	0.56	0.56	0.38

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $963,599K ÷ ($963,599K + $1,324,300K)
= 0.42

The debt-to-capital ratio of ACI Worldwide Inc has shown relatively consistent levels over the past eight quarters. It ranged from 0.44 to 0.48 during this period, reflecting the proportion of the company's total debt to its total capital (debt plus equity).

The ratio has been fairly stable around the 0.47 mark, with minor fluctuations observed. This indicates that ACI Worldwide's capital structure is moderately leveraged, with a significant portion of its funding coming from debt sources.

Although the trend is relatively steady, it would be important to monitor any significant changes in the debt-to-capital ratio over time. Consistent high levels may indicate higher financial risk due to increased leverage, while a declining ratio could signal improved financial stability and a stronger capital position.