Agilysys Inc (AGYS)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 236,477 | 109,310 | 97,344 | 79,876 | 71,757 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $236,477K)
= 0.00
The debt-to-capital ratio for Agilysys Inc has been consistently reported as 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations relative to its capital structure. This suggests that Agilysys Inc has been relying solely on equity financing to support its business activities during this period. While a debt-to-capital ratio of 0.00 typically signifies a low financial risk and conservative approach to capital structure, it is important to consider other financial metrics and factors to fully assess the company's overall financial health and stability.
Peer comparison
Mar 31, 2024