Ziff Davis Inc (ZD)
Debt-to-equity 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-equity ratio | 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 | 0.81 | 1.06 | 1.04 | 0.96 |
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 been relatively stable over the past eight quarters, ranging from 0.53 to 0.61. This indicates that the company has been maintaining a moderate level of debt relative to its equity during this period. A lower debt-to-equity ratio suggests a lower level of financial risk, as it indicates that the company relies less on debt financing and has a stronger equity base to support its operations.
The consistency of the debt-to-equity ratio around 0.53 to 0.61 indicates that Ziff Davis Inc has been managing its capital structure effectively and has not significantly increased its debt burden relative to its equity. This stability suggests that the company has been prudent in its financing decisions and has likely been able to meet its financial obligations without being overly leveraged.
Overall, the relatively steady debt-to-equity ratio of Ziff Davis Inc over the past eight quarters reflects a balanced approach to capital structure management, which is important for maintaining financial stability and sustainability in the long term.