Penguin Solutions, Inc. (PENG)
Debt-to-capital ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 391,381 | 222,475 | 371,611 | 310,251 | 282,104 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $391,381K)
= 0.00
The debt-to-capital ratio of Penguin Solutions, Inc. has consistently been reported as 0.00 across the analyzed periods from August 31, 2020, through August 31, 2024. This indicates that the company has not employed any long-term or short-term debt in its capital structure during this timeframe. The ratio's stability at zero suggests that Penguin Solutions, Inc. has financed its operations entirely through equity or other non-debt sources, reflecting a potentially conservative approach to leverage. This consistent zero ratio over multiple years may imply a strategic preference for maintaining a debt-free balance sheet, which could influence the company's financial flexibility, risk profile, and cost of capital.
Peer comparison
Aug 31, 2024