Liveramp Holdings Inc (RAMP)

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	949,135	946,490	921,858	918,531	926,076	911,609	960,069	1,005,750	1,063,060	1,070,410	1,072,950	1,080,600	1,080,680	1,058,500	1,050,860	1,058,290	1,087,510	1,142,540	1,186,360	1,272,160
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 for Liveramp Holdings Inc has consistently been reported as 0.00 across multiple periods, indicating that the company has not utilized any debt in its capital structure during these periods. A debt-to-capital ratio of 0.00 suggests that the company's capital is solely sourced from equity rather than debt financing. This could imply a relatively lower financial risk for the company, as it does not have significant debt obligations that could impact its financial stability and cash flow. Additionally, a consistent 0.00 debt-to-capital ratio may indicate a conservative financial strategy or strong cash reserves that allow the company to operate without the need for debt financing. It is important to note that while a zero debt-to-capital ratio is generally positive, it may also suggest limited access to tax benefits associated with debt financing.