Liveramp Holdings Inc (RAMP)

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	—	—	—	—	—
Total assets	US$ in thousands	1,231,440	1,172,700	1,333,740	1,288,320	1,301,890
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,231,440K
= 0.00

The debt-to-assets ratio of Liveramp Holdings Inc has consistently been 0.00 for the past five years, spanning from March 31, 2020, to March 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has had no debt in relation to its total assets during this period. This could signify that Liveramp Holdings Inc has been operating with a conservative financial structure, relying more on equity financing rather than debt financing to support its operations and investments. A low or zero debt-to-assets ratio can also suggest a reduced financial risk for the company, as it implies a lower likelihood of default on debt obligations. However, it is crucial to consider the company's overall financial strategy and industry norms when interpreting this ratio, as different industries may have varying levels of acceptable debt leverage.