ePlus inc (PLUS)
Financial leverage ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,884,800 | 1,653,470 | 1,414,830 | 1,166,200 | 1,076,780 |
| Total stockholders’ equity | US$ in thousands | 977,623 | 901,779 | 782,265 | 660,738 | 562,410 |
| Financial leverage ratio | 1.93 | 1.83 | 1.81 | 1.76 | 1.91 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,884,800K ÷ $977,623K
= 1.93
The financial leverage ratio of ePlus Inc has shown some fluctuations over the past five years. As of March 31, 2021, the ratio stood at 1.91, indicating that the company relied more on debt to finance its operations relative to equity. Over the following years, there was a slight decrease in the ratio to 1.76 as of March 31, 2022, which suggests a potential improvement in the company's debt management.
However, the ratio later increased to 1.81 as of March 31, 2023, and 1.83 as of March 31, 2024, indicating a slightly higher reliance on debt as compared to equity. By the end of the period analyzed, the financial leverage ratio slightly rose to 1.93 as of March 31, 2025, signifying an increase in debt relative to equity.
Overall, although there were fluctuations in the financial leverage ratio over the years, the company generally maintained a moderately leveraged position, with a tendency towards slightly higher reliance on debt financing towards the end of the period. This pattern suggests that ePlus Inc may have been managing its debt levels cautiously while seeking to optimize its capital structure for sustainable growth and financial stability.
Peer comparison
Mar 31, 2025