Liveramp Holdings Inc (RAMP)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

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

The debt-to-equity ratio of Liveramp Holdings Inc has consistently been reported as 0.00 from March 31, 2020 to March 31, 2024. This indicates that the company has been using zero debt funding in relation to its equity over this period. A debt-to-equity ratio of 0.00 suggests that the company has no debt in its capital structure and is entirely financed by equity.

While a debt-to-equity ratio of 0.00 may appear favorable as it signifies low financial risk and no leverage, it could also indicate missed opportunities for optimal capital structure management. Companies usually use debt to fund operations and investments efficiently, taking advantage of tax benefits and lower cost of debt compared to equity.

In the case of Liveramp Holdings Inc, the consistent zero debt-to-equity ratio could imply a conservative financial approach or a specific strategic decision to avoid debt. It is essential to consider the context and industry norms when interpreting this ratio to assess the company's overall financial health and capital structure strategy.