Teradata Corp (TDC)

Debt-to-assets ratio

		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	Mar 31, 2019
Long-term debt	US$ in thousands	480,000	486,000	492,000	498,000	498,000	498,000	497,000	324,000	324,000	349,000	374,000	399,000	411,000	423,000	436,000	448,000	454,000	460,000	466,000	472,000
Total assets	US$ in thousands	1,873,000	1,740,000	1,869,000	1,986,000	2,022,000	1,818,000	1,895,000	1,895,000	2,169,000	2,134,000	2,245,000	2,203,000	2,193,000	2,117,000	2,102,000	2,151,000	2,057,000	1,979,000	2,123,000	2,286,000
Debt-to-assets ratio		0.26	0.28	0.26	0.25	0.25	0.27	0.26	0.17	0.15	0.16	0.17	0.18	0.19	0.20	0.21	0.21	0.22	0.23	0.22	0.21

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $480,000K ÷ $1,873,000K
= 0.26

The debt-to-assets ratio for Teradata Corp has been relatively stable over the past eight quarters, ranging from 0.28 to 0.37. This ratio indicates the proportion of the company's total assets that are financed by debt.

With an average ratio of around 0.33, it suggests that approximately one-third of Teradata's assets are funded by debt. This indicates that the company relies moderately on debt financing to support its operations and growth.

The slight fluctuations in the debt-to-assets ratio over the quarters do not show any significant trend but indicate a consistent level of leverage maintained by the company. A higher ratio would indicate higher financial risk due to increased reliance on debt, while a lower ratio could suggest a more conservative financial structure.

Overall, Teradata Corporation's debt-to-assets ratio demonstrates a balanced approach to capital structure management, with a moderate reliance on debt financing to support its asset base.