Thryv Holdings Inc (THRY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $152,700K
= 0.00
Thryv Holdings Inc's debt-to-equity ratio has fluctuated over the past four years, as evidenced by the values of 2.28 in 2023, 1.23 in 2022, 1.79 in 2021, and 2.69 in 2020. The trend indicates a general increase in leverage from 2020 to 2023, with the company relying more on debt financing relative to equity. A higher debt-to-equity ratio may suggest that Thryv Holdings Inc is more leveraged and potentially carrying a higher debt burden, which could pose risks related to debt repayment obligations and financial stability. It is important for stakeholders to monitor this ratio over time to assess the company's financial health and risk profile.