Ziff Davis Inc (ZD)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	1,311,190	1,084,370	1,072,100	1,056,650
Debt-to-capital ratio		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	0.45	0.51	0.51	0.49

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,001,310K ÷ ($1,001,310K + $1,893,000K)
= 0.35

The debt-to-capital ratio of Ziff Davis Inc has been relatively stable over the past eight quarters, ranging between 0.35 and 0.38. This ratio measures the proportion of the company's capital structure that is financed through debt, with values closer to 0 indicating a lower reliance on debt for financing operations.

Ziff Davis Inc's consistent debt-to-capital ratio suggests a balanced approach to capital structure management, with a moderate level of debt compared to total capital. This stability can be viewed positively by investors and creditors, as it indicates a level of financial discipline and risk management by the company.

Overall, the trend in Ziff Davis Inc's debt-to-capital ratio implies a consistent and sustainable financial strategy, maintaining an appropriate balance between debt and equity financing to support the company's operations and growth objectives.