ZoomInfo Technologies Inc (ZI)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	2,119,300	2,271,800	1,997,900	939,600
Debt-to-capital ratio		0.37	0.35	0.38	0.44

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,226,400K ÷ ($1,226,400K + $2,119,300K)
= 0.37

The debt-to-capital ratio of ZoomInfo Technologies Inc. has shown a decreasing trend from 2019 to 2022, indicating a lower reliance on debt financing relative to total capital structure. In particular, the ratio decreased from 1.01 in 2019 to 0.35 in 2022. However, in 2023, the ratio increased slightly to 0.37. This suggests that the company has been managing its debt levels effectively and has improved its capital structure by reducing debt as a proportion of total capital. The overall trend indicates a decreasing financial risk and improved stability in the company's capital structure over the years.