Tyler Technologies Inc (TYL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,180,020 | 4,676,660 | 4,687,420 | 4,732,160 | 2,607,270 |
| Total stockholders’ equity | US$ in thousands | 3,388,420 | 2,938,000 | 2,624,390 | 2,324,030 | 1,986,110 |
| Financial leverage ratio | 1.53 | 1.59 | 1.79 | 2.04 | 1.31 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,180,020K ÷ $3,388,420K
= 1.53
The financial leverage ratio of Tyler Technologies Inc has shown fluctuations over the past five years. It was 1.31 as of December 31, 2020, indicating a relatively conservative level of leverage. However, this ratio increased to 2.04 by December 31, 2021, suggesting a significant rise in the company's reliance on debt to finance its operations.
Subsequently, by December 31, 2022, the financial leverage ratio decreased to 1.79, though it remained higher than the initial level in 2020. The ratio further declined to 1.59 by December 31, 2023, showcasing a trend towards lower leverage. As of the most recent data point on December 31, 2024, the ratio stood at 1.53, reflecting a moderate level of leverage compared to the peak in 2021.
Overall, the financial leverage ratio of Tyler Technologies Inc has experienced variability over the years, indicating shifts in the company's capital structure and debt management strategies.
Peer comparison
Dec 31, 2024