DXC Technology Co (DXC)

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	3,818,000	3,880,000	3,791,000	3,891,000	3,900,000	3,850,000	3,695,000	3,874,000	4,065,000	4,236,000	4,363,000	4,116,000	4,345,000	5,444,000	8,046,000	10,334,000	8,672,000	7,315,000	7,698,000	7,893,000
Total stockholders’ equity	US$ in thousands	2,811,000	3,107,000	3,147,000	3,278,000	3,497,000	4,627,000	4,615,000	4,725,000	5,052,000	4,772,000	4,772,000	5,077,000	4,973,000	5,655,000	4,401,000	4,593,000	4,785,000	8,749,000	8,550,000	10,913,000
Debt-to-capital ratio		0.58	0.56	0.55	0.54	0.53	0.45	0.44	0.45	0.45	0.47	0.48	0.45	0.47	0.49	0.65	0.69	0.64	0.46	0.47	0.42

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $3,818,000K ÷ ($3,818,000K + $2,811,000K)
= 0.58

The debt-to-capital ratio of DXC Technology Co has shown fluctuations over the past five quarters, ranging from 0.42 to 0.69. The ratio indicates the proportion of the company's capital structure that is funded by debt.

In the most recent quarter, ending on March 31, 2024, the debt-to-capital ratio stood at 0.58, indicating that 58% of the company's capital was financed through debt. This represents an increase from the previous quarter's ratio of 0.56.

Looking at the trend over the past year, the ratio has generally been increasing, with some minor fluctuations. This suggests that DXC Technology Co has been relying more on debt to fund its operations and investments.

However, it is important to note that the debt-to-capital ratio should be analyzed in conjunction with other financial metrics to gain a more comprehensive understanding of the company's overall financial health and risk profile.