TechTarget Inc (TTGT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 3.14 | 3.29 | 3.61 | 3.56 | 3.52 | 3.39 | 3.35 | 3.31 | 3.54 | 2.44 | 2.49 | 2.55 | 2.25 | 1.42 | 1.45 | 1.45 | 1.45 | 1.45 | 1.47 | 1.50 |
Techtarget Inc.'s solvency ratios indicate its ability to meet its long-term obligations. The company's debt-to-assets ratio has been fluctuating between 0.59 and 0.63 over the past year, showing a moderate level of debt relative to its total assets. The debt-to-capital ratio has also been relatively stable, ranging from 0.65 to 0.69, suggesting that a significant portion of the company's capital structure is financed through debt.
The debt-to-equity ratio has shown an increasing trend, rising from 1.84 to 2.26 over the past year. This indicates that the company is relying more on debt financing compared to equity, which can increase financial risk. Additionally, the financial leverage ratio has been consistently above 3, reaching a high of 3.61 in Q2 2023, reflecting a higher level of financial leverage and potentially higher financial risk.
Overall, while Techtarget Inc. has a moderate level of debt relative to its assets and capital, the increasing trend in the debt-to-equity ratio and consistently high financial leverage ratio suggest a higher level of financial risk that investors and stakeholders should closely monitor.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -0.93 | 3.04 | 10.82 | 17.91 | 21.80 | 2.18 | 1.79 | 1.54 | 1.28 | 18.54 | 24.31 | 30.18 | 64.10 | 2,477.44 | 2,526.22 | 2,438.78 | 2,526.67 | 97.85 | 73.57 | 67.65 |
Since the table provided does not include any data for interest coverage, it is not possible to analyze Techtarget Inc.'s interest coverage based on the information given. Interest coverage is a key financial ratio that indicates a company's ability to meet its interest obligations using its operating income. This ratio is calculated by dividing earnings before interest and taxes (EBIT) by the interest expense. Without this data, a comprehensive analysis of Techtarget Inc.'s interest coverage cannot be conducted.