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