Dynatrace Holdings LLC (DT)

Debt-to-equity 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-equity ratio		0.00	0.00	0.21	0.35	0.53

March 31, 2024 calculation

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

The debt-to-equity ratio for Dynatrace Holdings LLC has been decreasing over the years, indicating a favorable trend in the company's capital structure. As of March 31, 2024, the company has maintained a debt-to-equity ratio of 0.00, which suggests that the company has either no debt or a minimal amount of debt compared to its equity. This implies a strong financial position with a lower reliance on external debt for financing its operations.

Comparing this to previous years, we observe a significant decline in the debt-to-equity ratio from 0.53 in March 31, 2020, to 0.00 in March 31, 2024. This reduction reflects a positive shift towards a more balanced and sustainable capital structure, indicating improved financial stability and lower financial risk for the company. Overall, the decreasing trend in the debt-to-equity ratio demonstrates a prudent financial management strategy by Dynatrace Holdings LLC.