Tyler Technologies Inc (TYL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 3,388,420 | 2,938,000 | 2,624,390 | 2,324,030 | 1,986,110 |
| Debt-to-equity ratio | 0.18 | 0.20 | 0.36 | 0.56 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $597,934K ÷ $3,388,420K
= 0.18
Tyler Technologies Inc's debt-to-equity ratio has shown a declining trend from 2021 to 2024. The ratio decreased from 0.56 in 2021 to 0.18 in 2024, indicating a reduction in the company's reliance on debt to finance its operations compared to its equity.
A debt-to-equity ratio of 0.18 as of December 31, 2024, suggests that the company has a relatively low level of debt in relation to its equity, which may reflect a conservative financial structure. This lower ratio indicates that Tyler Technologies Inc may be managing its debt obligations prudently and maintaining a healthier balance between debt and equity financing.
Overall, the declining trend in the debt-to-equity ratio over the period demonstrates an improving financial position in terms of debt management for Tyler Technologies Inc. It is important to monitor this ratio in future periods to assess the company's ability to sustain its financial stability and growth strategy.
Peer comparison
Dec 31, 2024