ACI Worldwide Inc (ACIW)

Debt-to-equity 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-equity ratio		0.73	0.82	0.85	0.87	0.86	0.79	0.85	0.85	0.82	0.86	0.91	0.92	0.93	1.10	1.18	1.24	1.18	1.30	1.28	0.63

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $963,599K ÷ $1,324,300K
= 0.73

The debt-to-equity ratio of ACI Worldwide Inc has shown fluctuations over the past eight quarters. The ratio has ranged from 0.78 to 0.93 during this period. In Q4 2023, the ratio stood at 0.78, reflecting a relatively lower level of debt compared to equity in the company's capital structure. This suggests that ACI Worldwide Inc relies more on equity financing than debt financing.

The trend over the past quarters indicates some volatility in the company's debt-to-equity ratio, with periodic increases and decreases. While the ratio has exceeded 0.90 at times, indicating higher debt relative to equity, it has also dipped below this threshold, signaling a stronger equity position compared to debt.

Overall, the varying levels of the debt-to-equity ratio suggest that ACI Worldwide Inc's capital structure has experienced fluctuations in the proportion of debt and equity financing. Investors and stakeholders may monitor these changes to assess the company's leverage and financial risk in the long term.