Tyler Technologies Inc (TYL)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Long-term debt US$ in thousands 597,934 597,502 597,069 596,638 596,206 705,170 839,074 838,517 957,389 1,046,190 1,233,090 1,292,180 1,311,280 805,535 927,559 591,483 0 0 0 0
Total stockholders’ equity US$ in thousands 3,388,420 3,275,110 3,132,110 3,023,140 2,938,000 2,852,850 2,768,250 2,686,130 2,624,390 2,547,300 2,458,330 2,387,730 2,324,030 2,200,770 2,107,990 2,060,990 1,986,110 1,898,140 1,829,330 1,712,830
Debt-to-capital ratio 0.15 0.15 0.16 0.16 0.17 0.20 0.23 0.24 0.27 0.29 0.33 0.35 0.36 0.27 0.31 0.22 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $597,934K ÷ ($597,934K + $3,388,420K)
= 0.15

The debt-to-capital ratio for Tyler Technologies Inc has been relatively stable and low, indicating a conservative approach to financing its operations. The ratio remained at 0.00 from March 31, 2020, to December 31, 2020, suggesting a lack of debt relative to its capital. However, starting from March 31, 2021, the ratio started to increase steadily, reaching a peak of 0.36 by December 31, 2021. This uptrend may indicate an increase in debt relative to the company's total capital over this period.

Subsequently, the ratio showed a slight decline from March 31, 2022, to December 31, 2024, hovering around the range of 0.15 to 0.24. This moderation could suggest efforts to manage debt levels and improve the overall financial health of the company.

Overall, the debt-to-capital ratio trend suggests that while Tyler Technologies Inc has taken on more debt in recent years, it has maintained a relatively conservative capital structure. Investors and stakeholders may monitor this ratio to assess the company's ability to manage its debt obligations and financial risks effectively.