Ziff Davis Inc (ZD)

Debt-to-capital 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
Long-term debt	US$ in thousands	864,282	863,741	1,002,460	1,001,880	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
Total stockholders’ equity	US$ in thousands	1,810,880	1,752,310	1,869,890	1,902,010	1,893,000	1,804,140	1,862,680	1,894,620	1,892,610	1,793,640	1,794,200	1,865,490	1,967,730	1,369,260	1,294,500	1,274,910	1,211,020	1,176,340	1,263,170	1,241,080
Debt-to-capital ratio		0.32	0.33	0.35	0.35	0.35	0.36	0.35	0.35	0.35	0.36	0.37	0.38	0.34	0.45	0.48	0.48	0.49	0.48	0.46	0.54

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $864,282K ÷ ($864,282K + $1,810,880K)
= 0.32

The debt-to-capital ratio of Ziff Davis Inc has shown a decreasing trend over the past few years, going from 0.54 as of March 31, 2020, to 0.32 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt in relation to its total capital structure. A decreasing debt-to-capital ratio is generally viewed positively as it signifies improved financial health and reduced financial risk. However, it's essential to consider the reasons behind this trend and assess the impact on the company's overall financial strategy and performance.