Penguin Solutions, Inc. (PENG)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $391,381K
= 0.00
The debt-to-equity ratio for Penguin Solutions, Inc. has consistently been reported as zero from August 31, 2020, through August 31, 2024. This indicates that the company has not employed any debt financing during this period and has relied entirely on equity funding. The persistent absence of debt suggests a conservative capital structure, with no loans or borrowings recorded in the company's financial statements over the analyzed four-year span. Consequently, the company's financial leverage remains at nil, reflecting a potential preference for maintaining a debt-free balance sheet or a lack of leverage-driven growth strategies.
Peer comparison
Aug 31, 2024