Tyler Technologies Inc (TYL)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	1,617,060	1,519,600	1,421,630	1,358,740
Debt-to-equity ratio		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	0.00	0.00	0.01	0.06

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $596,206K ÷ $2,938,000K
= 0.20

The debt-to-equity ratio of Tyler Technologies, Inc. has been declining over the past eight quarters, indicating a positive trend in the company's capital structure. The ratio decreased from 0.55 in Q1 2022 to 0.22 in Q4 2023, signaling a reduction in the company's reliance on debt financing compared to its equity. This downward trend suggests that Tyler Technologies is becoming less leveraged and potentially more financially stable. A lower debt-to-equity ratio may also indicate that the company is managing its debt more efficiently, which could be viewed positively by investors and creditors. It is important to continue monitoring this ratio in future periods to assess the company's ongoing ability to manage its debt levels effectively.