Dynatrace Holdings LLC (DT)

Debt-to-capital ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Long-term debt	US$ in thousands	—	0	273,918	391,913	509,985
Total stockholders’ equity	US$ in thousands	2,015,490	1,604,870	1,304,450	1,113,600	965,704
Debt-to-capital ratio		0.00	0.00	0.17	0.26	0.35

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,015,490K)
= 0.00

The debt-to-capital ratio of Dynatrace Holdings LLC has decreased steadily over the five-year period from March 31, 2020, to March 31, 2024. In 2020, the ratio was relatively high at 0.35, indicating a significant portion of the company's capital was funded by debt. However, this ratio has since declined consistently, reaching 0.00 as of March 31, 2024.

A debt-to-capital ratio of 0.00 for the most recent period suggests that the company has either paid off all its debt or has negligible debt compared to its total capital. This is a positive indicator as it signifies a lower financial risk and indicates that the company may be relying more on equity financing rather than debt to fund its operations and growth.

Overall, the decreasing trend in the debt-to-capital ratio for Dynatrace Holdings LLC indicates an improving financial position in terms of leverage and debt management over the past five years.