Tyler Technologies Inc (TYL)

Debt-to-equity 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-equity ratio		0.18	0.18	0.19	0.20	0.20	0.25	0.30	0.31	0.36	0.41	0.50	0.54	0.56	0.37	0.44	0.29	0.00	0.00	0.00	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 consistent decrease over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.00 in March 2020 and gradually increased, reaching its peak of 0.56 in December 2021. However, since then, the ratio has been on a declining trend. As of December 31, 2024, the debt-to-equity ratio stands at 0.18, indicating a lower reliance on debt financing compared to equity.

This trend suggests that Tyler Technologies Inc has been managing its debt levels effectively over the years, potentially reducing financial risk and improving financial stability. A decreasing debt-to-equity ratio generally indicates that the company is relying more on equity financing, which can be seen as a positive signal by investors and creditors. It also implies that the company may have a more conservative capital structure, which could offer more resilience during economic downturns or uncertainties.