Ziff Davis Inc (ZD)

Debt-to-assets 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	1,001,310	1,000,740	1,000,180	999,617	999,053	998,499	1,033,700	1,122,940	1,036,020	1,110,700	1,189,730	1,186,440	1,182,220	1,075,070	1,071,360	1,455,450	1,062,930	1,150,520	1,119,440	1,015,970
Total assets	US$ in thousands	3,471,020	3,383,230	3,469,290	3,527,070	3,533,270	3,433,070	3,543,100	3,663,170	3,770,280	3,830,660	3,703,370	3,703,660	3,665,330	3,342,990	3,419,440	3,368,890	3,505,850	2,893,300	2,809,930	2,642,910
Debt-to-assets ratio		0.29	0.30	0.29	0.28	0.28	0.29	0.29	0.31	0.27	0.29	0.32	0.32	0.32	0.32	0.31	0.43	0.30	0.40	0.40	0.38

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 remained relatively stable over the past eight quarters, ranging between 0.28 and 0.31. This ratio indicates that approximately 28% to 31% of the company's assets are financed by debt, with the remaining being funded through equity.

A decreasing trend in the debt-to-assets ratio would suggest that the company is becoming less reliant on debt financing to support its operations and investments. Conversely, an increasing trend could indicate a higher level of financial risk due to a greater reliance on borrowed funds.

Overall, the consistent range of the debt-to-assets ratio for Ziff Davis Inc suggests a moderate level of leverage, which may be considered favorable for financial stability and risk management. It is important to continue monitoring this ratio to assess the company's ongoing debt management strategy and financial health.