Teradata Corp (TDC)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	135,000	122,000	218,000	230,000	258,000	235,000	222,000	237,000	460,000	457,000	471,000	417,000	400,000	384,000	346,000	349,000	262,000	328,000	367,000	467,000
Debt-to-capital ratio		0.78	0.80	0.69	0.68	0.66	0.68	0.69	0.58	0.41	0.43	0.44	0.49	0.51	0.52	0.56	0.56	0.63	0.58	0.56	0.50

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $480,000K ÷ ($480,000K + $135,000K)
= 0.78

The debt-to-capital ratio for Teradata Corp has shown some fluctuation over the past eight quarters. In Q4 2023, the ratio stood at 0.82, which decreased from 0.84 in the previous quarter. This indicates that the company's debt as a proportion of its total capital dropped in the most recent quarter.

Looking back further, the ratio was 0.75 in Q2 2023, and 0.73 in Q1 2023. There was a gradual increase in the ratio from Q1 to Q2 2023, followed by a minor decrease in Q3 and a more significant drop in Q4 2023. This fluctuation suggests that Teradata Corp may be actively managing its debt levels and capital structure.

Comparing the most recent ratio to the same quarter in the previous year, there has been an overall upward trend from Q4 2022 to Q4 2023. In Q4 2022, the ratio was 0.71, indicating that the company has taken on more debt relative to its total capital over the past year.

Overall, while the debt-to-capital ratio for Teradata Corp has shown some variability in recent quarters, it is essential to assess the company's overall financial health and risk management strategies in conjunction with other financial metrics and industry benchmarks.