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ZoomInfo cuts net leverage ratio down to 1.1x from 2.3x in June 2022
By Devika Patel
Knoxville, Tenn., Aug. 1 – ZoomInfo Technologies Inc.’s total net leverage ratio to trailing 12 months’ adjusted EBITDA was 1.1x at the end of the last quarter, down from 2.3x a year ago.
“We again drove an improvement in our leverage ratios with a net leverage ratio of 1.1x trailing 12 months adjusted EBITDA and 1x trailing 12 months cash EBITDA, down from 2.3x and 1.8x, respectively, as of June 2022,” chief financial officer P. Cameron Hyzer said on the company’s second quarter ended June 30 earnings conference call on Monday.
Cash and cash equivalents were $509.7 million as of June 30, 2023, compared to $418 million as of Dec. 31, 2022.
Long-term debt, net of current portion, was $1,228,000,000 as of June 30, 2023, compared to $1,235,700,000 as of Dec. 31, 2022.
Current portion of long-term debt was $6 million as ofJune 30, 2023, compared to zero as of Dec. 31, 2022.
ZoomInfo is a Vancouver, Wash.-based software company.
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