Ziff Davis Inc (ZD)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,001,310 | 999,053 | 1,036,020 | 1,182,220 | 1,062,930 |
| Total assets | US$ in thousands | 3,471,020 | 3,533,270 | 3,770,280 | 3,665,330 | 3,505,850 |
| Debt-to-assets ratio | 0.29 | 0.28 | 0.27 | 0.32 | 0.30 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,001,310K ÷ $3,471,020K
= 0.29
The debt-to-assets ratio of Ziff Davis Inc has shown some fluctuation over the past five years. As of December 31, 2023, the ratio stands at 0.29, which indicates that the company finances approximately 29% of its total assets through debt.
Comparing this to previous years, the ratio has remained relatively stable around the 0.29 to 0.28 range in 2023 and 2022, showing a consistent approach to managing debt levels. However, there was a notable increase in the ratio in 2020 to 0.43, followed by a slight decrease to 0.41 in 2019. This suggests that in 2020, Ziff Davis Inc had a higher reliance on debt to fund its assets compared to other years within the period analyzed.
Overall, with the ratio hovering around 0.29 in recent years, Ziff Davis Inc appears to maintain a conservative debt-to-assets position, indicating a prudent balance between debt and asset utilization in its financial structure.