Liveramp Holdings Inc (RAMP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,231,440 | 1,224,740 | 1,180,520 | 1,163,930 | 1,172,700 | 1,166,480 | 1,188,500 | 1,234,260 | 1,333,740 | 1,342,540 | 1,282,370 | 1,249,900 | 1,288,320 | 1,259,500 | 1,238,640 | 1,233,930 | 1,301,890 | 1,343,850 | 1,363,230 | 1,439,300 |
| 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 |
| Financial leverage ratio | 1.30 | 1.29 | 1.28 | 1.27 | 1.27 | 1.28 | 1.24 | 1.23 | 1.25 | 1.25 | 1.20 | 1.16 | 1.19 | 1.19 | 1.18 | 1.17 | 1.20 | 1.18 | 1.15 | 1.13 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,231,440K ÷ $949,135K
= 1.30
The financial leverage ratio of Liveramp Holdings Inc has been relatively stable over the past few quarters, ranging from 1.13 to 1.30. A financial leverage ratio of 1.30 at the end of March 2024 indicates that the company has $1.30 in debt for every $1 of equity. This suggests that the company relies more on debt financing compared to equity.
The consistency in the financial leverage ratio implies that Liveramp Holdings Inc has been maintaining a steady balance between debt and equity in its capital structure. A ratio above 1 indicates that the company has more debt than equity, which can amplify returns during good times but also increase financial risk during economic downturns.
Overall, the stable financial leverage ratio suggests that Liveramp Holdings Inc has been managing its debt levels effectively to support its growth and operations while maintaining a reasonable level of financial risk. Investors and creditors may continue monitoring this ratio to assess the company's financial health and risk profile.
Peer comparison
Mar 31, 2024