Trade Desk Inc (TTD)

Debt-to-capital ratio

		Jun 30, 2025	Mar 31, 2025	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,695,830	2,716,680	2,949,140	2,625,750	2,405,410	2,166,560	2,164,220	2,155,530	2,071,410	1,940,810	2,115,340	1,914,290	1,779,830	1,649,100	1,527,310	1,302,810	1,202,350	1,084,310	1,013,140	832,627
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	0.00	0.00	0.00

June 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,695,830K)
= 0.00

The data indicates that Trade Desk Inc. has maintained a debt-to-capital ratio of zero across all reported periods from September 30, 2020, through June 30, 2025. This consistent zero value suggests that the company has not utilized debt financing within this time frame, relying entirely on equity or internal funds to finance its operations and growth. Such a financial structure demonstrates a conservative approach to leverage, with no identified debt obligations impacting the company's capital structure during the observed period. This may reflect strong retained earnings, a deliberate strategy to avoid leverage-related risks, or both. Overall, the absence of debt in Trade Desk Inc.'s capital profile indicates a low financial risk profile associated with debt service obligations, which could be advantageous in times of economic uncertainty but may also limit certain growth opportunities that leverage might facilitate.