DXC Technology Co (DXC)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,818,000 | 3,900,000 | 4,065,000 | 4,345,000 | 8,672,000 |
| Total assets | US$ in thousands | 13,871,000 | 15,845,000 | 20,139,000 | 22,038,000 | 26,006,000 |
| Debt-to-assets ratio | 0.28 | 0.25 | 0.20 | 0.20 | 0.33 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,818,000K ÷ $13,871,000K
= 0.28
DXC Technology Co's debt-to-assets ratio has varied over the past five years, ranging from 0.20 to 0.33. The ratio indicates the proportion of the company's assets that are financed through debt. The company's debt-to-assets ratio increased from 0.20 in 2021 to 0.33 in 2020, reflecting a higher reliance on debt to finance its assets. However, in the subsequent years, the ratio decreased, reaching 0.25 in 2023 and 0.28 in 2024. This decline suggests that the company may have reduced its debt levels relative to its total assets, potentially improving its financial stability and creditworthiness. Overall, the trend in DXC Technology Co's debt-to-assets ratio indicates a fluctuating but generally manageable level of debt relative to its asset base.
Peer comparison
Mar 31, 2024