Thryv Holdings Inc (THRY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 783,170 | 783,170 | 1,177,880 | 1,300,500 | 1,214,980 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $783,170K
= 0.00
Based on the data provided, Thryv Holdings Inc has consistently maintained a debt-to-assets ratio of 0.00 over the past five years. A debt-to-assets ratio of 0.00 indicates that the company has not used any debt to finance its assets during this period, implying that all its assets are funded by equity or other non-debt sources.
Having a debt-to-assets ratio of 0.00 can be interpreted positively as it suggests that the company has a conservative financial structure with no reliance on debt financing. This could indicate financial stability, low financial risk, and potentially a strong cash position to support its operations and investments.
However, it's important to note that a low or zero debt-to-assets ratio does not necessarily mean that the company is maximizing its financial leverage or taking advantage of potential tax benefits associated with debt financing. It could also indicate missed opportunities to benefit from low-cost debt capital for potential growth projects or investments.
Overall, Thryv Holdings Inc's consistent 0.00 debt-to-assets ratio reflects a conservative approach to capital structure, but it may be worth considering opportunities for strategic debt utilization in the future to optimize its financial position and support growth initiatives.