ePlus inc (PLUS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 901,779 | 877,753 | 845,696 | 813,291 | 782,265 | 746,420 | 705,645 | 676,288 | 660,738 | 639,296 | 613,603 | 583,619 | 562,410 | 545,009 | 523,070 | 502,725 | 486,145 | 472,486 | 450,289 | 428,643 |
| Debt-to-equity ratio | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 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 remained relatively stable and low over the past several quarters, consistently below 0.02. This indicates that the company utilizes a conservative capital structure with a limited amount of debt relative to its equity. A lower debt-to-equity ratio suggests that the company relies less on borrowed funds to finance its operations and investment activities, which can be viewed positively by investors and creditors as it signifies lower financial risk and a stronger financial position. ePlus inc's consistent low debt-to-equity ratio may indicate prudent financial management and a focus on maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Mar 31, 2024