Agilysys Inc (AGYS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 236,477 | 230,273 | 116,618 | 111,686 | 109,310 | 111,912 | 106,594 | 101,276 | 97,344 | 92,413 | 87,718 | 84,487 | 79,876 | 81,779 | 77,924 | 71,350 | 71,757 | 96,936 | 98,365 | 99,923 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $236,477K)
= 0.00
The debt-to-capital ratio of Agilysys Inc has consistently remained at 0.00 for all the periods listed in the table. This indicates that the company has not utilized any debt in its capital structure during these periods. A debt-to-capital ratio of 0.00 implies that the company's capital is solely financed by equity, without any long-term debt obligations. This could suggest that Agilysys Inc has a conservative financial strategy and prefers to rely on internal financing or equity issuance to fund its operations and investments. Not having any debt in the capital structure can also indicate a lower financial risk for the company, as it does not have to manage interest payments or debt repayment obligations. However, it's important to consider that a lack of debt in the capital structure may also limit the company's ability to benefit from tax shields and financial leverage.
Peer comparison
Mar 31, 2024