Thryv Holdings Inc (THRY)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 783,170 | 1,177,880 | 1,300,500 | 1,214,980 | 1,388,290 |
| Total stockholders’ equity | US$ in thousands | 152,700 | 382,267 | 314,715 | 196,775 | 27,260 |
| Financial leverage ratio | 5.13 | 3.08 | 4.13 | 6.17 | 50.93 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $783,170K ÷ $152,700K
= 5.13
Thryv Holdings Inc's financial leverage ratio has shown variability over the past four years. The ratio stood at 5.13 at the end of December 31, 2023, indicating an increase from 3.08 in the previous year. This suggests that the company's reliance on debt to finance its operations and growth has intensified.
Comparing to the financial leverage ratio of 4.13 in 2021 and 6.17 in 2020, the company's leverage position appears to have been fluctuating significantly. A higher financial leverage ratio generally implies a higher level of financial risk as the company has more debt relative to its equity.
It would be advisable for stakeholders to closely monitor Thryv Holdings Inc's financial leverage ratio trends and assess the implications of the company's debt levels on its overall financial health and risk profile.