Dynatrace Holdings LLC (DT)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.18	0.21	0.24	0.27	0.31	0.35	0.42	0.47	0.51	0.53	0.60	0.64	—

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 of Dynatrace Holdings LLC has shown a decreasing trend over the past several quarters. From September 2022 to December 2023, the ratio remained constant at 0.00, indicating that the company had no debt relative to its equity during this period. However, starting from the first quarter of 2022, the debt-to-equity ratio began to increase steadily, reaching a peak of 0.64 in December 2019.

The ratio of 0.64 in December 2019 suggests that the company relied more on debt financing compared to equity during that period. Since then, there has been a gradual decline in the ratio, indicating that Dynatrace Holdings LLC has been reducing its reliance on debt and improving its financial leverage by increasing equity relative to debt.

Overall, the decreasing trend in the debt-to-equity ratio may indicate improved financial health and a stronger balance sheet for Dynatrace Holdings LLC. It suggests that the company has been managing its debt levels effectively and moving towards a more balanced capital structure. However, further analysis of the company's financial statements and other relevant factors would be needed to fully assess its financial position and performance.