Cognizant Technology Solutions Corp Class A (CTSH)

Debt-to-assets 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	606,000	614,000	622,000	630,000	638,000	636,000	608,000	617,000	626,000	636,000	645,000	654,000	663,000	2,412,000	2,421,000	2,430,000	700,000	709,000	718,000	727,000
Total assets	US$ in thousands	18,483,000	18,079,000	17,967,000	18,147,000	17,852,000	17,347,000	17,258,000	17,434,000	17,852,000	17,232,000	16,829,000	16,660,000	16,923,000	18,787,000	18,216,000	17,429,000	16,204,000	15,844,000	15,517,000	16,096,000
Debt-to-assets ratio		0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.13	0.13	0.14	0.04	0.04	0.05	0.05

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $606,000K ÷ $18,483,000K
= 0.03

The debt-to-assets ratio of Cognizant Technology Solutions Corp. has been relatively stable over the past eight quarters, ranging from 0.03 to 0.04. This indicates that the company has maintained a conservative approach to financing its operations and investments, as a lower ratio suggests lower dependence on debt to fund its assets. The consistent ratio also suggests that the company has been able to manage its debt levels in relation to its total assets effectively. Overall, the low and stable debt-to-assets ratio reflects a healthy balance sheet and financial stability for Cognizant Technology Solutions Corp.