Liveramp Holdings Inc (RAMP)
Solvency ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.30 | 1.27 | 1.25 | 1.19 | 1.20 |
Based on the solvency ratios of Liveramp Holdings Inc over the past five years, it is evident that the company maintains a strong financial position in terms of debt management. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have consistently remained at 0.00 across all the years analyzed, indicating that the company does not rely heavily on debt to finance its operations and acquisitions.
However, the financial leverage ratio has shown a slight increase over the years, from 1.20 in 2020 to 1.30 in 2024. This indicates that the company's reliance on debt to generate earnings has marginally increased, albeit remaining at a relatively low level. Overall, Liveramp Holdings Inc appears to have a conservative approach towards debt utilization, maintaining a healthy balance between debt and equity in its capital structure.
Coverage ratios
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | -10.19 | -2.26 | -40.63 | -16.25 |
The interest coverage ratio for Liveramp Holdings Inc has shown a significant improvement over the past five years. In particular, the company's interest coverage ratio was negative in the years 2020, 2021, and 2023, indicating that the company's earnings were insufficient to cover its interest expenses during those periods. However, by the end of March 2024, the company's interest coverage had improved to a point where the ratio could not be calculated based on the available data.
It is evident that Liveramp Holdings Inc has made efforts to strengthen its ability to meet its interest obligations through either increased earnings or decreased interest expenses. This improvement reflects positively on the company's financial health and its ability to service its debt obligations. Moving forward, it will be crucial for Liveramp Holdings Inc to continue this trend of enhancing its interest coverage ratio to ensure financial stability and sustainability.