Ziff Davis Inc (ZD)

Debt-to-equity 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-equity ratio		0.48	0.49	0.54	0.53	0.53	0.55	0.54	0.53	0.53	0.56	0.58	0.60	0.53	0.81	0.92	0.93	0.98	0.91	0.85	1.17

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $864,282K ÷ $1,810,880K
= 0.48

The debt-to-equity ratio of Ziff Davis Inc has shown a declining trend over the analyzed period, starting at 1.17 as of March 31, 2020, and decreasing to 0.48 as of December 31, 2024. This indicates that the company has been gradually reducing its reliance on debt relative to equity over time. A lower debt-to-equity ratio suggests a stronger financial position and indicates that the company is less leveraged and has a healthier balance sheet. Ziff Davis Inc has effectively managed its debt levels and maintained a conservative capital structure during the period under review.