Tyler Technologies Inc (TYL)

Financial leverage 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
Total assets	US$ in thousands	5,180,020	4,996,510	4,819,480	4,608,760	4,676,660	4,637,430	4,635,550	4,555,640	4,687,420	4,675,370	4,787,050	4,723,810	4,732,160	4,682,940	4,641,000	3,231,790	2,607,270	2,492,160	2,382,600	2,219,380
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
Financial leverage ratio		1.53	1.53	1.54	1.52	1.59	1.63	1.67	1.70	1.79	1.84	1.95	1.98	2.04	2.13	2.20	1.57	1.31	1.31	1.30	1.30

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 fluctuating trends over the past few years. It was relatively stable around the range of 1.30 to 1.31 in 2020 and early 2021. However, there was a notable increase in the ratio from March 31, 2021, to June 30, 2021, where it jumped to 2.20. This surge indicates a significant increase in the company's financial leverage during that period.

Subsequently, the ratio decreased gradually but remained elevated compared to the earlier period. As of December 31, 2024, the financial leverage ratio stood at 1.53. Overall, the trend suggests that Tyler Technologies Inc experienced a period of higher financial leverage followed by a moderate adjustment to lower levels by the end of 2024. It is important for stakeholders to monitor this ratio to assess the company's capital structure and risk management practices.