Tyler Technologies Inc (TYL)

Debt-to-assets 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
Long-term debt	US$ in thousands	596,206	705,170	839,074	838,517	957,389	1,046,190	1,233,090	1,292,180	1,311,280	805,535	927,559	591,483	0	0	0	0	0	0	15,000	85,000
Total assets	US$ in thousands	4,676,660	4,637,430	4,635,550	4,555,640	4,687,420	4,675,370	4,787,050	4,723,810	4,732,160	4,682,940	4,641,000	3,231,790	2,607,270	2,492,160	2,382,600	2,219,380	2,191,610	2,055,090	1,949,430	1,909,300
Debt-to-assets ratio		0.13	0.15	0.18	0.18	0.20	0.22	0.26	0.27	0.28	0.17	0.20	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.04

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $596,206K ÷ $4,676,660K
= 0.13

The trend analysis of Tyler Technologies, Inc.'s debt-to-assets ratio shows a gradual decrease over the past eight quarters, reflecting the company's improved financial health and lower reliance on debt financing relative to its total assets. The ratio decreased from 0.28 in Q1 2022 to 0.14 in Q4 2023, indicating a consistent effort to reduce debt levels or increase asset base during this period.

This positive trend suggests that Tyler Technologies has been effectively managing its debt obligations and maintaining a healthier balance sheet structure. A lower debt-to-assets ratio generally indicates lower financial risk and greater solvency for the company, as it implies a lower proportion of assets funded by debt.

Overall, the decreasing trend in Tyler Technologies' debt-to-assets ratio demonstrates a prudent financial strategy to strengthen its balance sheet and improve its overall financial stability over the analyzed quarters.