TechTarget Inc (TTGT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	222,927	209,008	202,297	210,022	217,474	229,838	238,402	241,196	222,757	208,521	193,832	182,138	202,506	162,256	153,546	145,375	152,951	147,771	141,380	135,125
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.48	0.50	0.52	0.43	0.11	0.12	0.13	0.13	0.13	0.14	0.15

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $222,927K)
= 0.00

Techtarget Inc.'s debt-to-capital ratio has shown relative stability over the past eight quarters, ranging between 0.65 to 0.69. This indicates that the company's level of debt in relation to its total capital has been fairly consistent. The ratio hovers around the mid-0.60s to high-0.60s range, suggesting that Techtarget relies more on debt financing compared to equity to fund its operations and growth. It is important for stakeholders to monitor this ratio over time to ensure that the company's debt levels remain sustainable and in line with its overall capital structure.