ePlus inc (PLUS)
Debt-to-assets 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 | — | 12,233 | 9,717 | 5,005 | 9,522 | — | — | 3,878 | 5,792 | 7,689 | 9,360 | 11,016 | 12,658 | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,653,470 | 1,595,600 | 1,618,790 | 1,680,810 | 1,414,830 | 1,597,860 | 1,371,340 | 1,256,150 | 1,166,200 | 1,255,150 | 1,139,940 | 1,077,420 | 1,076,780 | 1,125,950 | 1,038,710 | 1,058,860 | 909,113 | 952,608 | 914,266 | 874,813 |
| Debt-to-assets ratio | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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, indicating a conservative approach to leverage and a strong financial position. The ratio has mostly fluctuated between 0.00 and 0.01 over the past quarters, showing that the company's level of debt in relation to its total assets has been well-managed and minimal. This suggests that ePlus Inc relies more on equity financing rather than debt financing to support its operations and growth. A low debt-to-assets ratio is generally viewed positively by investors and creditors as it signifies lower financial risk and greater stability for the company.
Peer comparison
Mar 31, 2024