TechTarget Inc (TTGT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 153,882 | 22,473 |
| Total assets | US$ in thousands | 699,888 | 764,717 | 789,000 | 456,568 | 221,608 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.34 | 0.10 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $699,888K
= 0.00
The debt-to-assets ratio of Techtarget Inc. has shown an increasing trend from 0.11 in 2019 to 0.59 in 2023. This indicates that the company's reliance on debt to finance its assets has been growing over the years.
In 2020, there was a significant jump in the ratio from 0.34 to 0.60, suggesting a substantial increase in debt relative to assets. The ratio then decreased slightly in 2021 to 0.57 but continued to rise in 2022 and 2023.
A higher debt-to-assets ratio signifies that a larger portion of the company's assets are funded by debt, which could lead to higher financial risk and interest expense. It is important for investors and creditors to closely monitor this trend to assess the company's ability to manage its debt levels effectively and sustain its financial health in the long term.
Peer comparison
Dec 31, 2023