Thryv Holdings Inc (THRY)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	712,165	654,753	785,483	786,835	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	1,300,720	1,353,800
Total stockholders’ equity	US$ in thousands	196,920	94,532	183,060	167,066	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	36,500	33,892
Financial leverage ratio		3.62	6.93	4.29	4.71	5.13	2.62	2.72	2.97	3.08	3.06	3.21	3.84	4.13	4.52	5.24	6.74	6.17	32.94	35.64	39.94

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $712,165K ÷ $196,920K
= 3.62

The financial leverage ratio of Thryv Holdings Inc has exhibited a declining trend over the analyzed period, indicating a decreasing reliance on debt financing in relation to equity. The ratio decreased from 39.94% as of March 31, 2020, to 3.62% as of December 31, 2024. This reduction suggests improved financial stability and lower financial risk for the company as a lower ratio signifies a lower level of debt relative to equity. However, there was a notable spike in the ratio to 6.93% as of September 30, 2024, which may warrant further investigation to understand the reasons behind this sudden increase in leverage. Overall, the decreasing trend in the financial leverage ratio reflects a positive development in Thryv Holdings Inc's capital structure and its ability to manage debt effectively.