NetScout Systems Inc (NTCT)

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	100,000	100,000	100,000	100,000	100,000	200,000	200,000	200,000	350,000	350,000	350,000	350,000	350,000	450,000	450,000	450,000	450,000	450,000	450,000	500,000
Total stockholders’ equity	US$ in thousands	1,892,060	1,903,900	2,039,670	2,031,210	2,029,650	2,005,150	1,937,650	1,906,890	2,060,400	2,047,590	1,999,000	2,002,960	2,005,780	1,978,240	1,939,320	1,929,820	1,937,920	1,962,810	1,940,260	2,011,440
Debt-to-equity ratio		0.05	0.05	0.05	0.05	0.05	0.10	0.10	0.10	0.17	0.17	0.18	0.17	0.17	0.23	0.23	0.23	0.23	0.23	0.23	0.25

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $100,000K ÷ $1,892,060K
= 0.05

The debt-to-equity ratio of NetScout Systems Inc has shown consistency in recent periods, hovering around 0.05 to 0.17 until the beginning of 2022 when it started to increase gradually to 0.25 by the end of 2020. This indicates that the company has been maintaining a relatively low level of debt compared to its equity base. However, there has been a slight upward trend in the ratio since the beginning of 2022, possibly indicating a shift towards higher leverage or increased borrowing to support the business operations or growth initiatives. It is essential for stakeholders to monitor this trend closely to assess the company's financial risk and its ability to meet its debt obligations in the future.