Ziff Davis Inc (ZD)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,893,000 | 1,892,610 | 1,967,730 | 1,211,020 | 1,311,190 |
| Debt-to-equity ratio | 0.53 | 0.53 | 0.53 | 0.98 | 0.81 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,001,310K ÷ $1,893,000K
= 0.53
The debt-to-equity ratio of Ziff Davis Inc has shown a fluctuating trend over the past five years. In 2019, the ratio stood at 1.10, indicating that the company had a higher level of debt relative to equity. However, there was a significant improvement in 2020, with the ratio dropping to 1.30, further suggesting increased reliance on debt financing.
Subsequently, in 2021, we observed a slight decrease in the debt-to-equity ratio to 0.55, indicating a healthier balance between debt and equity in the company's capital structure. The ratio remained relatively stable in 2022 and 2023 at 0.53, reflecting a consistent approach to managing debt levels relative to equity.
Overall, the trend in the debt-to-equity ratio of Ziff Davis Inc suggests that the company has made efforts to reduce its reliance on debt financing and improve its financial stability by maintaining a more balanced capital structure in recent years.