Dynatrace maintains a fortress balance sheet characterized by a negligible debt-to-equity ratio of 0.06% and a total equity base that has grown to $2.6 billion as of 2026Q4.
| Total Current Assets | 2.12B | 1.93B | 1.61B | 1.12B | 948.42M | 680.28M | 487.78M | 213.22M | 244.42M | 202.28M |
| Cash & Short-Term Investments | 1.17B | 1.11B | 836.87M | 555.35M | 462.97M | 324.96M | 213.17M | 51.31M | 77.58M | 57.95M |
| Cash Only | 1.1B | 1.02B | 778.98M | 555.35M | 462.97M | 324.96M | 213.17M | 51.31M | 77.58M | 57.95M |
| Short-Term Investments | 74.88M | 96.19M | 57.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 710.2M | 636.01M | 613.58M | 442.52M | 350.67M | 242.08M | 157.06M | 115.43M | 136.48M | 114.58M |
| Days Sales Outstanding | 128.43 | 136.66 | 156.55 | 139.42 | 137.71 | 125.6 | 105.03 | 97.76 | 125.15 | 102.91 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 241.15M | 122.67M | 108.41M | 90.3M | 110M | 92.93M | 104.36M | 33.14M | 20.82M | 19.49M |
| Total Non-Current Assets | 2.29B | 2.21B | 1.8B | 1.65B | 1.59B | 1.58B | 1.56B | 1.6B | 1.65B | 1.69B |
| Property, Plant & Equipment | 212.28M | 129M | 114.72M | 121.65M | 104.12M | 79.88M | 31.51M | 17.93M | 18.48M | 15.47M |
| Fixed Asset Turnover | 9.51x | 13.17x | 12.47x | 9.52x | 8.93x | 8.81x | 17.32x | 24.04x | 21.54x | 26.26x |
| Goodwill | 1.35B | 1.34B | 1.34B | 1.28B | 1.28B | 1.27B | 1.27B | 1.27B | 1.27B | 1.25B |
| Intangible Assets | 22.85M | 25.53M | 50.99M | 63.6M | 105.74M | 149.48M | 201.59M | 259.12M | 330.12M | 398.17M |
| Long-Term Investments | 0 | 51.65M | 46.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 198.15M | 136.05M | 118.09M | 100.28M | 73.05M | 58.57M | 47.86M | 40.3M | 25.2M | 26.16M |
| Total Assets | 4.42B | 4.14B | 3.41B | 2.77B | 2.54B | 2.26B | 2.05B | 1.81B | 1.9B | 1.89B |
| Asset Turnover | 0.46x | 0.41x | 0.42x | 0.42x | 0.37x | 0.31x | 0.27x | 0.24x | 0.21x | 0.21x |
| Asset Growth % | 6.67% | 21.41% | 23.3% | 8.82% | 12.64% | 10.23% | 13% | -4.61% | 0.3% | - |
| Total Current Liabilities | 1.57B | 1.38B | 1.26B | 1.04B | 865.6M | 647.91M | 490.18M | 950.9M | 2B | 1.99B |
| Accounts Payable | 2.73M | 27.29M | 21.41M | 21.95M | 22.71M | 9.62M | 11.11M | 6.56M | 3.17M | 3.76M |
| Days Payables Outstanding | 2.67 | 31.1 | 29.33 | 35.95 | 47.96 | 27.5 | 31.46 | 22.42 | 11.97 | 13.45 |
| Short-Term Debt | 22.59M | 0 | 0 | 0 | 0 | 0 | 0 | 606.65M | 1.75B | 0 |
| Deferred Revenue (Current) | 1.24B | 1.09B | 987.95M | 811.06M | 688.55M | 509.27M | 384.06M | 272.77M | 194.02M | 0 |
| Other Current Liabilities | 302.26M | 127.71M | 127.1M | 105.99M | 76.28M | 63.89M | 40.69M | 35.19M | 32.4M | 1.94B |
| Current Ratio | 1.35x | 1.40x | 1.28x | 1.08x | 1.10x | 1.05x | 1.00x | 0.22x | 0.12x | 0.10x |
| Quick Ratio | 1.35x | 1.40x | 1.28x | 1.08x | 1.10x | 1.05x | 1.00x | 0.22x | 0.12x | 0.10x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 235.27M | 137.24M | 135.74M | 123.44M | 371.26M | 494.71M | 590.99M | 1.25B | 164.71M | 0 |
| Long-Term Debt | 141.74M | 0 | 0 | 0 | 273.92M | 391.91M | 509.99M | 1.01B | 0 | 0 |
| Capital Lease Obligations | 0 | 61.38M | 54.01M | 59.52M | 52.07M | 38.2M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 1.94M | 419K | 1.01M | 280K | 85K | 1.01M | 0 | 47.6M | 80.19M | 0 |
| Other Non-Current Liabilities | 91.59M | 24.45M | 18.4M | 29.21M | 19.41M | 16.07M | 20.29M | 98.36M | 31.91M | 0 |
| Total Liabilities | 1.8B | 1.52B | 1.39B | 1.16B | 1.24B | 1.14B | 1.08B | 2.2B | 2.17B | 1.99B |
| Total Debt | 164.32M | 75.36M | 69.53M | 75.17M | 338.76M | 439.61M | 509.99M | 1.62B | 1.75B | 0 |
| Net Debt | -932.9M | -941.68M | -709.46M | -480.18M | -124.2M | 114.64M | 296.81M | 1.57B | 1.67B | -57.95M |
| Debt / Equity | 0.06x | 0.03x | 0.03x | 0.05x | 0.26x | 0.39x | 0.53x | - | - | - |
| Debt / EBITDA | 0.57x | 0.33x | 0.38x | 0.51x | 2.45x | 2.88x | - | 218.59x | 28.89x | - |
| Net Debt / EBITDA | -3.24x | -4.14x | -3.87x | -3.26x | -0.90x | 0.75x | - | 211.66x | 27.61x | -0.59x |
| Interest Coverage | - | - | - | 27.23x | 7.98x | 6.48x | -3.81x | -1.00x | -0.47x | 0.36x |
| Total Equity | 2.61B | 2.62B | 2.02B | 1.6B | 1.3B | 1.11B | 965.7M | -390.26M | -268.69M | -264.51M |
| Equity Growth % | -0.37% | 30.05% | 25.59% | 23.03% | 17.14% | 15.31% | 347.45% | -45.24% | -1.58% | - |
| Book Value per Share | 8.74 | 8.63 | 6.73 | 5.50 | 4.48 | 3.89 | 3.65 | -1.42 | -0.98 | -0.94 |
| Total Shareholders' Equity | 2.61B | 2.62B | 2.02B | 1.6B | 1.3B | 1.11B | 965.7M | -390.26M | -268.69M | -264.51M |
| Common Stock | 295K | 300K | 297K | 290K | 286K | 283K | 281K | 0 | 0 | 0 |
| Retained Earnings | 447.6M | 284.93M | -198.76M | -353.39M | -461.35M | -513.8M | -589.82M | -176M | -59.81M | -69.03M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -35.99M | -34.64M | -35.4M | -31.83M | -26.69M | -26.21M | -18.11M | -29.71M | -25.8M | -195.48M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Competitive consolidation and pricing
As reported in recent financial statements, Dynatrace has successfully transitioned from negative retained earnings in 2024Q3 to a positive $447.6 million balance by 2026Q4, signaling a fundamental improvement in the company's long-term equity trajectory and overall balance sheet health as the business scales.
The shift from negative to positive retained earnings suggests that the company has reached a critical inflection point in its profitability profile. This trend implies that the business is increasingly self-funding its operations, which reduces the reliance on external financing and strengthens the overall quality of the balance sheet.
Based on the latest quarterly figures, Dynatrace maintains a negligible debt-to-equity ratio of 0.06%, with total debt of $164.3 million against $2.6 billion in equity, indicating that the company is effectively insulated from interest rate volatility and maintains significant capacity for future strategic capital allocation.
The minimal debt load suggests that management prioritizes financial conservatism, which provides a substantial buffer against potential market downturns. This capital structure appears to be a strategic choice that allows the firm to focus on organic R&D and market expansion without the burden of servicing significant interest obligations.
According to recent SEC filings, Dynatrace holds $1.1 billion in cash as of 2026Q4, providing a strong liquidity cushion that, when paired with a current ratio of 1.35, suggests the company is well-positioned to meet its short-term obligations while navigating competitive pressures in the observability market.
The consistent cash balance indicates a disciplined approach to liquidity management, ensuring that the company can sustain its operations even if billing cycles or customer payment patterns experience temporary volatility. Investors should monitor whether this cash pile is deployed toward strategic M&A to counter competitive consolidation or if it remains a defensive reserve.
As disclosed in financial statements, goodwill has grown to $1.4 billion by 2026Q4, representing a significant portion of total assets, which suggests that the company's valuation is sensitive to the long-term performance of past acquisitions and the potential for future impairment charges in a shifting competitive landscape.
While the current balance sheet appears robust, the high concentration of goodwill implies that a substantial portion of the asset base is tied to intangible value rather than tangible infrastructure. This warrants further investigation into the underlying performance of acquired assets, as any failure to meet growth expectations could necessitate non-cash write-downs that would impact reported equity.
Quick answers to the most common questions about buying DT stock.
As of 2026, Dynatrace, Inc. (DT) had total assets of $4.42B including $2.12B in current assets.
Dynatrace, Inc. (DT) carries total debt of $164.3M, offset by $1.17B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Dynatrace, Inc. (DT) has total shareholders' equity (book value) of $2.61B ($8.74 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Dynatrace, Inc. (DT) reported a current ratio of 1.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.