Dynatrace Holdings LLC (DT)

Debt-to-capital ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	0	0	214,947	244,427	273,918	303,415	332,907	362,404	391,913	451,427	480,941	510,452	509,985	540,236	569,789	1,002,790
Total stockholders’ equity	US$ in thousands	2,015,490	1,913,880	1,801,650	1,704,930	1,604,870	1,467,020	1,401,680	1,345,630	1,304,450	1,276,020	1,221,000	1,158,950	1,113,600	1,063,950	1,027,120	992,784	965,704	899,190	886,282	-437,629
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.13	0.15	0.17	0.19	0.21	0.24	0.26	0.30	0.32	0.34	0.35	0.38	0.39	1.77

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 shown fluctuations over the past several quarters. The ratio has been gradually increasing from 0.13 in September 2022 to a peak of 1.77 in September 2019 before decreasing to 0.00 in the recent quarters. This decrease could indicate a reduction in the level of debt relative to the company's total capital.

A debt-to-capital ratio of 0.00 in the recent quarters signifies that the company had no debt in relation to its capital during those periods. This could suggest a strong financial position with lower financial risk, as the absence of debt indicates that the company may be relying more on equity financing or generating sufficient cash flows to fund its operations and investments without taking on additional debt.

It would be important to consider the reasons behind the significant drop in the debt-to-capital ratio and the company's overall capital structure strategy. The trend in the ratio can provide insights into the company's leverage, financial risk management, and financial flexibility. Monitoring future changes in the debt-to-capital ratio will be essential to understanding Dynatrace Holdings LLC's capital management decisions and financial health.