ZoomInfo Technologies Inc (ZI)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	1,226,400	1,235,700	1,232,900	744,900
Total assets	US$ in thousands	6,868,300	7,136,400	6,852,900	2,327,400
Debt-to-assets ratio		0.18	0.17	0.18	0.32

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,226,400K ÷ $6,868,300K
= 0.18

The debt-to-assets ratio of ZoomInfo Technologies Inc. has exhibited fluctuations over the past five years. As of December 31, 2023, the ratio stands at 0.18, indicating that the company's debt represents 18% of its total assets. This ratio has remained relatively stable compared to the previous year when it was 0.17.

In 2021 and 2020, the debt-to-assets ratio was also around 0.18, reflecting a consistent level of debt relative to assets during those years. However, there was a notable increase in the ratio in 2019, reaching 0.77, suggesting a higher reliance on debt to finance the company's operations and investments.

The decreasing trend since 2019 indicates that ZoomInfo Technologies Inc. has been gradually reducing its debt burden in relation to its asset base. A lower debt-to-assets ratio generally indicates a healthier financial position and lower risk of insolvency, as it implies a lower proportion of debt funding in comparison to the company's total assets.

Overall, the recent debt-to-assets ratio of 0.18 as of December 31, 2023, suggests that ZoomInfo Technologies Inc. has maintained a prudent balance between debt and assets, contributing to its financial stability and sustainability.