TechTarget Inc (TTGT)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.34 | 0.10 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.43 | 0.13 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.76 | 0.15 |
| Financial leverage ratio | 3.14 | 3.52 | 3.54 | 2.25 | 1.45 |
Techtarget Inc.'s solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has shown a slight increase over the past five years, from 0.11 in 2019 to 0.59 in 2023, which suggests that a larger portion of the company's assets is financed through debt.
Similarly, the debt-to-capital ratio has also been on the rise, moving from 0.13 in 2019 to 0.65 in 2023. This indicates that the company is increasingly relying on debt to fund its operations and investments compared to its capital.
The debt-to-equity ratio has shown significant fluctuations over the years, peaking at 2.10 in 2022 and dropping to 1.84 in 2023. This ratio indicates the extent to which the company's operations are funded by debt relative to equity, with higher ratios suggesting higher financial risk.
The financial leverage ratio, which considers the proportion of the company's assets financed by debt, has also increased over the years, reaching 3.14 in 2023. This indicates that Techtarget Inc. has been utilizing more debt to fund its operations and growth, potentially increasing its financial risk. Overall, the trend in these solvency ratios suggests that Techtarget Inc. has been taking on more debt to support its operations and growth, which may pose risks in terms of financial stability and potential future cash flow obligations.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | -0.93 | 21.80 | 1.28 | 64.10 | 2,526.56 |
The absence of data regarding Techtarget Inc.'s interest coverage for the years ending December 31, 2019 to 2023 prevents a direct assessment of the company's ability to repay its interest expenses with its operating income. Interest coverage ratio is a critical metric for assessing a company's financial health and its capability to meet debt obligations. Without this information, it is challenging to evaluate Techtarget Inc.'s leverage risk and financial stability from an interest coverage perspective. Further insight or additional data is necessary to conduct a comprehensive analysis of the company's interest coverage position.