Liveramp Holdings Inc (RAMP)

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

Based on the data provided, Liveramp Holdings Inc has consistently maintained a debt-to-equity ratio of 0.00 across all the reporting periods listed. This indicates that the company has not used any debt to finance its operations and has relied solely on equity funding. A debt-to-equity ratio of 0.00 typically suggests that the company is not assuming any financial leverage, which may be perceived positively as it indicates a lower financial risk and potential stability in the company's capital structure. However, it's important to note that a debt-to-equity ratio of 0.00 may also signal that the company may be missing out on potential tax advantages associated with debt financing. Overall, a consistent debt-to-equity ratio of 0.00 suggests Liveramp Holdings Inc's preference for equity financing and conservative financial management.