Thryv Holdings Inc (THRY)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 783,170 | 1,177,880 | 1,300,500 | 1,214,980 | 1,388,290 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $783,170K
= 0.00
The debt-to-assets ratio for Thryv Holdings Inc has shown fluctuations over the past four years. In 2023, the ratio stands at 0.45, indicating that 45% of the company's total assets are financed by debt. This represents an increase from the previous year when the ratio was 0.40. Comparing to 2021 and 2020, where the ratios were 0.43 and 0.43 respectively, the current ratio is higher.
A higher debt-to-assets ratio suggests that the company relies more on debt financing to support its operations and growth. This could indicate potential risks related to debt repayment and financial stability, especially in times of economic uncertainty. It is important for stakeholders to monitor this ratio closely and assess the company's ability to manage its debt levels effectively.