TechTarget Inc (TTGT)
Debt-to-equity 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 | ||
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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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | 1.01 | 1.07 | 0.76 | 0.13 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $222,927K
= 0.00
Techtarget Inc.'s debt-to-equity ratio has shown some fluctuations over the past eight quarters, ranging from 1.84 to 2.26. The trend indicates an overall increase in leverage over the period. The company's debt levels relative to shareholder equity have been on the rise, reaching a peak in Q2 2023. This suggests that Techtarget has been relying more on debt financing compared to equity financing to support its operations and growth initiatives. A higher debt-to-equity ratio can indicate increased financial risk, as the company may have higher interest payments and be more vulnerable to changes in interest rates or economic conditions. It is important for investors and stakeholders to monitor this ratio closely to assess the company's financial health and sustainability of its capital structure.
Peer comparison
Dec 31, 2023