ePlus inc (PLUS)

Debt-to-equity 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 stockholders’ equity US$ in thousands 901,779 782,265 660,738 562,410 486,145
Debt-to-equity ratio 0.00 0.01 0.01 0.02 0.00

March 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $901,779K
= 0.00

The debt-to-equity ratio of ePlus Inc has shown a consistent trend of remaining relatively low over the past five years. The company's debt-to-equity ratio was 0.00 in 2020, 0.02 in 2021, 0.01 in both 2022 and 2023, and decreased to 0.00 in 2024. A debt-to-equity ratio of 0.00 implies that the company has no debt relative to its equity in 2020 and 2024, indicating a strong financial position in terms of leverage. Even when the ratio increased to 0.02 in 2021, it remained relatively low suggesting that the company was using minimal debt to finance its operations compared to equity. Overall, the consistent low debt-to-equity ratio indicates that ePlus Inc has a conservative approach to debt management, which may be viewed positively by investors and creditors as it signifies lower financial risk and potential stability.


Peer comparison

Mar 31, 2024

Company name
Symbol
Debt-to-equity ratio
ePlus inc
PLUS
0.00
ScanSource Inc
SCSC
0.15