Take-Two Interactive Software Inc (TTWO)
Debt-to-equity ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,058,300 | 1,733,000 | 0 | — | — |
| Total stockholders’ equity | US$ in thousands | 5,667,900 | 9,042,500 | 3,809,700 | 3,331,890 | 2,539,240 |
| Debt-to-equity ratio | 0.54 | 0.19 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $3,058,300K ÷ $5,667,900K
= 0.54
The debt-to-equity ratio of Take-Two Interactive Software Inc has shown a significant increase over the years from 2020 to 2024. In the most recent fiscal year ending on March 31, 2024, the ratio stood at 0.54, indicating that the company had more debt relative to its equity. This represents a notable rise compared to the previous year, where the ratio was 0.19.
The substantial increase in the debt-to-equity ratio suggests that Take-Two Interactive Software Inc has been relying more on debt financing to support its operations and growth initiatives. This strategy can potentially enhance the company's financial leverage and ability to invest in opportunities, but it also carries higher financial risk due to the increased debt obligations.
It is crucial for investors and stakeholders to closely monitor Take-Two Interactive Software Inc's debt levels and assess the company's ability to manage its debt effectively while maintaining a healthy balance sheet to sustain long-term growth and profitability.
Peer comparison
Mar 31, 2024