Thryv Holdings Inc (THRY)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 152,700 | 382,267 | 314,715 | 196,775 | 27,260 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $152,700K)
= 0.00
The debt-to-capital ratio of Thryv Holdings Inc has fluctuated over the past four years, ranging from 0.55 in 2022 to 0.73 in 2020. This ratio indicates the proportion of the company's capital that is funded by debt. A higher ratio suggests a higher level of debt relative to total capital, potentially indicating higher financial risk and leverage. Conversely, a lower ratio indicates a lower reliance on debt financing.
Thryv Holdings Inc experienced a notable increase in its debt-to-capital ratio from 2022 to 2023, rising to 0.70. This increase may suggest an uptick in debt levels, potentially resulting from strategic decisions to fund operations or investments through borrowing. However, it is essential to assess this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial health and risk profile.