Take-Two Interactive Software Inc (TTWO)

Debt-to-equity ratio

		Mar 31, 2024	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
Long-term debt	US$ in thousands	3,058,300	2,708,200	2,707,100	2,704,700	1,733,000	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	5,667,900	8,508,600	8,430,100	8,940,200	9,042,500	9,550,400	9,433,500	9,662,300	3,809,700	3,665,740	3,469,670	3,618,930	3,331,890	3,155,290	2,901,280	2,651,030	2,539,240	2,402,040	2,181,760	2,086,330
Debt-to-equity ratio		0.54	0.32	0.32	0.30	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

Take-Two Interactive Software Inc's debt-to-equity ratio has shown fluctuations over the periods indicated in the table. The trend indicates an increase in leverage from 2019 to 2023, with the ratio steadily climbing from 0.00 in 2019 to 0.54 in March 2024. The company's debt-to-equity ratio had a relatively sudden jump in 2020 and has continued to rise since then, reaching its highest level in March 2024.

A debt-to-equity ratio of 0.54 as of March 31, 2024, implies that Take-Two Interactive Software Inc has more debt relative to its equity. This may indicate a higher level of financial risk for the company, as a higher ratio suggests that the company is relying more on debt financing rather than equity. Investors and creditors may pay close attention to this ratio as it could impact the company's financial stability and ability to meet its debt obligations.