Teradata Corp (TDC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 13.87 | 14.26 | 8.57 | 8.63 | 7.84 | 7.74 | 8.54 | 8.00 | 4.72 | 4.67 | 4.77 | 5.28 | 5.48 | 5.51 | 6.08 | 6.16 | 7.85 | 6.03 | 5.78 | 4.90 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,873,000K ÷ $135,000K
= 13.87
The financial leverage ratio of Teradata Corp has shown fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 13.87, indicating that the company's reliance on debt financing was relatively high compared to previous quarters. This was a slight decrease from Q3 2023, when the ratio was 14.26.
Looking back further, Q2 2023 and Q1 2023 saw lower financial leverage ratios of 8.57 and 8.63, respectively. This suggests that Teradata Corp had less debt in its capital structure during those periods. The trend continued from the previous year, with Q4 2022 showing a ratio of 7.84 and Q3 2022 at 7.74, indicating a relatively lower reliance on debt financing.
However, there was a slight increase in the financial leverage ratio in Q2 2022 and Q1 2022, with ratios of 8.54 and 8.00, respectively. This may indicate a higher level of debt in the company's capital structure during those quarters compared to earlier periods in 2022.
Overall, the financial leverage ratio of Teradata Corp has varied over the past eight quarters, with some quarters showing higher reliance on debt financing than others. It is essential for the company to carefully manage its debt levels to maintain a healthy financial structure and meet its financial obligations effectively.
Peer comparison
Dec 31, 2023