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.
Peer comparison
Dec 31, 2023