Tyler Technologies Inc (TYL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 597,934 | 596,206 | 957,389 | 1,311,280 | 0 |
| Total assets | US$ in thousands | 5,180,020 | 4,676,660 | 4,687,420 | 4,732,160 | 2,607,270 |
| Debt-to-assets ratio | 0.12 | 0.13 | 0.20 | 0.28 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $597,934K ÷ $5,180,020K
= 0.12
Based on the provided data, Tyler Technologies Inc's debt-to-assets ratio has shown a decreasing trend over the past five years. As of December 31, 2020, the ratio was at 0.00, indicating the company had no debt relative to its total assets. However, by December 31, 2021, the ratio increased to 0.28, suggesting that 28% of the company's assets were financed by debt.
Subsequently, the ratio decreased to 0.20 by December 31, 2022, further dropping to 0.13 by December 31, 2023, and ultimately declining to 0.12 by December 31, 2024. This downward trend in the debt-to-assets ratio indicates that Tyler Technologies Inc has been effectively managing its debt levels in relation to its total assets over the years, potentially reducing financial risk and improving overall financial health.
Peer comparison
Dec 31, 2024