TechTarget Inc (TTGT)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	195,631	195,303	194,976	153,882	21,066	21,540	22,007	22,473	22,784	23,094	23,404
Total assets	US$ in thousands	699,888	687,600	730,617	746,802	764,717	779,435	799,711	799,164	789,000	509,354	482,218	464,372	456,568	231,207	223,260	211,490	221,608	214,017	208,489	202,612
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.38	0.41	0.42	0.34	0.09	0.10	0.10	0.10	0.11	0.11	0.12

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 some fluctuations over the past eight quarters. The ratio ranged from 0.57 to 0.63 during this period. Overall, the company's debt-to-assets ratio has been relatively stable, hovering around 0.60. This indicates that, on average, approximately 60% of the company's assets are financed by debt.

A debt-to-assets ratio of 0.60 suggests that a moderate portion of Techtarget Inc.'s assets is funded by debt, which may indicate that the company relies on a reasonable amount of leverage to finance its operations and investments. It is essential for investors and stakeholders to monitor changes in the debt-to-assets ratio over time to assess the company's financial health and risk exposure. Overall, Techtarget Inc. appears to have a balanced mix of debt and assets in its capital structure based on its consistent debt-to-assets ratio.