Thryv Holdings Inc (THRY)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 783,170 | 1,040,380 | 1,101,230 | 1,172,270 | 1,177,880 | 1,289,880 | 1,320,330 | 1,369,720 | 1,300,500 | 1,377,490 | 1,412,140 | 1,544,480 | 1,214,980 | 1,214,050 | — | 1,353,800 | 1,388,290 | 1,237,050 | 1,307,300 | 1,688,670 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | 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 of Thryv Holdings Inc has shown some fluctuations over the past eight quarters. It ranged from a low of 0.37 in Q3 2023 to a high of 0.45 in Q4 2023. Generally, the company's debt-to-assets ratio has been relatively stable, hovering around the range of 0.37 to 0.42 over the period analyzed.
A lower debt-to-assets ratio indicates that the company relies less on debt financing and has a higher proportion of assets financed through equity. On the other hand, a higher ratio suggests that a larger portion of the company's assets are financed through debt.
Thryv Holdings Inc's debt-to-assets ratio trending in the range of 0.37 to 0.42 indicates that the company has a moderate level of debt relative to its assets. It suggests that Thryv Holdings Inc is not overly reliant on debt financing to support its operations and investments, which could be viewed positively by investors and creditors as it signifies a lower financial risk. However, it is essential for the company to monitor and manage its debt levels prudently to ensure sustainable growth and financial stability.
Overall, the analysis of Thryv Holdings Inc's debt-to-assets ratio indicates a relatively stable financial position with a moderate level of debt leverage over the past eight quarters.