Teradata Corp (TDC)

Debt-to-equity 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-equity ratio		3.56	3.98	2.26	2.17	1.93	2.12	2.24	1.37	0.70	0.76	0.79	0.96	1.03	1.10	1.26	1.28	1.73	1.40	1.27	1.01

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $480,000K ÷ $135,000K
= 3.56

The debt-to-equity ratio of Teradata Corp has shown fluctuating trends over the past eight quarters. The ratio has varied between 2.24 and 5.22 during this period. Higher ratios indicate a higher level of financial leverage, implying that the company relies more on debt financing than equity.

The highest ratio of 5.22 in Q3 2023 suggests that the company had a higher proportion of debt relative to equity in that quarter, which could increase financial risk. On the other hand, the lowest ratio of 2.24 in Q1 2022 indicates a lower reliance on debt financing, which may be considered more conservative in terms of financial risk.

Overall, the trend indicates some level of variability in the company's capital structure and financing decisions. It would be important to further analyze the reasons behind these fluctuations and assess the impact on the company's financial stability and performance.