Cognizant Technology Solutions Corp Class A (CTSH)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	875,000	1,183,000	590,000	598,000	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
Total assets	US$ in thousands	19,966,000	20,164,000	18,580,000	18,408,000	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
Debt-to-assets ratio		0.04	0.06	0.03	0.03	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $875,000K ÷ $19,966,000K
= 0.04

The debt-to-assets ratio of Cognizant Technology Solutions Corp Class A has been relatively stable over the analyzed period, starting at 0.14 in March 2020 and gradually decreasing to 0.04 by June 2020, where it remained constant until March 2024. This indicates that the company has been successful in managing its debt levels in relation to its total assets.

However, in September 2024, there was a slight increase in the ratio to 0.06, which may suggest a higher level of debt compared to assets during that period. It is essential for investors and stakeholders to monitor this ratio closely to ensure that the company's debt levels remain sustainable and in line with its overall financial health.