ePlus inc (PLUS)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 9,522 | 5,792 | 12,658 | — |
| Total assets | US$ in thousands | 1,653,470 | 1,414,830 | 1,166,200 | 1,076,780 | 909,113 |
| Debt-to-assets ratio | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,653,470K
= 0.00
The debt-to-assets ratio of ePlus inc has been consistently low over the past five years, ranging from 0.00 to 0.01. This indicates that the company has a low level of debt relative to its total assets. A low debt-to-assets ratio suggests that ePlus inc is not highly leveraged and has a strong financial position with a lower risk of default.
Having a low debt-to-assets ratio can be beneficial as it implies that the company relies more on equity financing rather than debt to fund its operations and growth. This can lead to lower interest expenses, less financial risk, and potentially higher profitability. It also indicates that the company has more flexibility in managing its debt obligations and maintaining liquidity.
Overall, ePlus inc's consistent low debt-to-assets ratio reflects a prudent financial management strategy and a strong balance sheet position, providing stability and resilience in varying market conditions.
Peer comparison
Mar 31, 2024