ePlus inc (PLUS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital 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 |
| 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 |
| 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 |
The solvency ratios of ePlus inc indicate the company's ability to meet its long-term financial obligations.
The debt-to-assets ratio has consistently remained low, indicating that the company has little reliance on debt to finance its assets. This suggests a strong financial position and lower financial risk.
Similarly, the debt-to-capital and debt-to-equity ratios have also been low and stable over the periods analyzed. This indicates that the company has a relatively conservative capital structure, with a significant portion of its capital coming from equity rather than debt.
The financial leverage ratio, which measures the company's use of debt in its capital structure, has fluctuated but generally remained at moderate levels. A ratio above 1 indicates that the company has more debt than equity in its capital structure, which may pose a higher level of risk but can also amplify returns in favorable conditions.
Overall, ePlus inc seems to have a solid solvency position based on these ratios, with a conservative approach to debt financing and a stable capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 43.65 | 40.83 | 38.26 | 39.62 | 40.43 | 45.25 | 57.87 | 77.22 | 78.19 | 65.91 | 69.91 | 65.01 | 54.32 | 55.71 | 45.97 | 39.98 | 38.28 | 41.25 | 42.89 | 43.08 |
The interest coverage ratio for ePlus Inc has been consistently strong over the past several quarters, indicating the company's ability to cover its interest expenses with its operating income. The ratio has ranged from 38.26 to 78.19 in the past two years, with an average of approximately 50. This demonstrates a robust financial position, suggesting that the company has sufficient earnings to meet its interest obligations comfortably. The higher values in recent quarters, such as 77.22 and 78.19, indicate increased earnings relative to interest expenses, reflecting improved profitability and financial stability. Overall, ePlus Inc appears to have a healthy interest coverage ratio, which is a positive sign for investors and lenders.