Agilysys Inc (AGYS)

Debt-to-assets ratio

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	350,430	346,658	255,214	251,347	243,036	246,161	220,766	208,759	214,162	202,338	188,100	189,485	189,873	189,201	173,714	176,103	154,562	171,828	163,795	167,448
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

Based on the data provided, Agilysys Inc has consistently reported a debt-to-assets ratio of 0.00 across all the periods listed. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during those periods. This could suggest that Agilysys Inc has been operating with minimal or no financial leverage, using primarily equity financing to support its operations and expansion. While a low debt-to-assets ratio is generally considered favorable as it implies lower financial risk, it's important to note that companies with no debt may potentially be missing out on the tax advantages associated with leverage or could be forgoing opportunities to magnify returns on equity. It would be advisable for Agilysys Inc to regularly assess its capital structure and financing options to ensure optimal balance between equity and debt to support sustainable growth and shareholder value.