Thryv Holdings Inc (THRY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 152,700 | 397,096 | 404,326 | 395,053 | 382,267 | 421,926 | 411,614 | 356,441 | 314,715 | 304,445 | 269,703 | 229,196 | 196,775 | 36,855 | — | 33,892 | 27,260 | -119,679 | -142,931 | 270,694 |
| Debt-to-capital 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 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $152,700K)
= 0.00
Thryv Holdings Inc's debt-to-capital ratio has exhibited some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 0.70, indicating that the company's debt accounted for 70% of its total capital. This marked an increase from the previous quarter (Q3 2023) where the ratio was 0.49.
The trend in the debt-to-capital ratio from Q2 2023 (0.52) to Q4 2023 suggests a rising level of indebtedness relative to total capital. However, it's worth noting that the ratio in Q4 2023 was higher compared to the same quarter in the previous year (Q4 2022) when it was 0.55.
Overall, while there have been fluctuations in Thryv Holdings Inc's debt-to-capital ratio, it appears that the company's reliance on debt as a source of capital has increased in recent quarters. This may indicate a shift in the company's capital structure and potentially higher financial risk. Continued monitoring of this ratio is advisable to assess the company's ability to manage its debt levels and financial stability.