Liveramp Holdings Inc (RAMP)

Debt-to-capital ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	949,135	926,076	1,063,060	1,080,680	1,087,510
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $949,135K)
= 0.00

The debt-to-capital ratio of Liveramp Holdings Inc has consistently been reported as 0.00 for the past five years, from March 31, 2020, to March 31, 2024. This indicates that the company has not utilized any debt financing to fund its operations or investments during this period. A debt-to-capital ratio of 0.00 suggests that 100% of the company's capital structure is comprised of equity rather than debt. This can be viewed positively by investors and creditors as it implies lower financial risk and less financial leverage. However, it is important to consider that excessively low debt levels may also indicate underutilization of debt as a cost-effective source of capital for potential growth opportunities. Further analysis of Liveramp Holdings Inc's financial strategy and capital structure decisions may provide additional insights into its overall financial health and growth prospects.