Agilysys Inc (AGYS)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 350,430 | 243,036 | 214,162 | 189,873 | 154,562 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $350,430K
= 0.00
The debt-to-assets ratio of Agilysys Inc remained consistently at 0.00 from March 31, 2020, to March 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets, implying that Agilysys Inc funds its operations largely through equity or retained earnings rather than debt financing. This suggests a strong financial position and low financial risk, as the company is not relying on borrowed funds to support its operations and investments. Additionally, a debt-to-assets ratio of 0.00 may signal to investors and creditors that the company is financially stable and may have greater flexibility to pursue growth opportunities or withstand economic downturns.
Peer comparison
Mar 31, 2024