ePlus inc (PLUS)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.83 | 1.82 | 1.91 | 2.07 | 1.81 | 2.14 | 1.94 | 1.86 | 1.76 | 1.96 | 1.86 | 1.85 | 1.91 | 2.07 | 1.99 | 2.11 | 1.87 | 2.02 | 2.03 | 2.04 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,653,470K ÷ $901,779K
= 1.83
ePlus inc's financial leverage ratio has shown some fluctuations over the past few quarters, ranging from 1.76 to 2.14. This ratio indicates the extent to which the company is using debt to finance its operations and investments. Generally, a higher financial leverage ratio suggests a higher level of debt relative to equity in the company's capital structure.
The trend of ePlus inc's financial leverage ratio indicates some variability, with peaks and troughs observed in different quarters. For example, in Jun 30, 2023 and Mar 31, 2020, the ratio was relatively high at 2.07 and 2.11 respectively, signaling a higher reliance on debt financing during those periods. On the other hand, in Mar 31, 2022 and Dec 31, 2019, the ratio was comparatively lower at 1.76 and 1.87 respectively, indicating a lower level of debt usage.
Overall, the fluctuations in ePlus inc's financial leverage ratio suggest varying degrees of financial risk and leverage in the company's operations. It is important for investors and stakeholders to monitor these trends to assess the company's debt management and financial stability.
Peer comparison
Mar 31, 2024