ePlus inc (PLUS)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.83 | 1.80 | 1.79 | 1.85 | 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 |
ePlus inc has shown strong performance in terms of solvency ratios. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all consistently been at 0.00 throughout the period from March 31, 2020, to December 31, 2024. This indicates that the company has not been heavily reliant on debt to finance its operations and has maintained a strong financial position in relation to its assets and capital.
The financial leverage ratio, which measures the company's level of financial leverage, has shown some fluctuations over the same period. Despite some variations, the ratio has generally remained relatively low, with values ranging between 1.76 and 2.14. A lower financial leverage ratio indicates a lower level of financial risk and a higher degree of financial stability.
Overall, ePlus inc's solvency ratios suggest that the company has been effectively managing its debt levels and maintaining a solid financial position, which bodes well for its long-term financial health and sustainability.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 59.79 | 52.31 | 42.81 | 42.95 | 40.84 | 37.62 | 39.72 | 41.03 | 46.02 | 60.23 | 78.50 | 78.41 | 65.94 | 69.94 | 64.94 | 54.26 | 55.97 | 46.20 | 40.17 | 38.83 |
The interest coverage ratio of ePlus inc has shown a generally positive trend over the past few years, indicating the company's ability to cover its interest expenses with its operating income.
The interest coverage ratio has increased steadily from a value of 38.83 as of March 31, 2020, reaching a peak of 78.50 as of June 30, 2022. This significant improvement suggests that the company's earnings were consistently sufficient to cover its interest payments during this period.
However, there was a noticeable decline in the interest coverage ratio in the subsequent quarters, dropping to 37.62 as of September 30, 2023, before recovering slightly to 59.79 as of December 31, 2024. This fluctuation may indicate some variability in the company's profitability or the cost of its debt during these periods.
Overall, the interest coverage ratio of ePlus inc demonstrates a generally positive financial position in terms of its ability to meet its interest obligations. Investors and creditors may view the improving trend positively, but the recent decrease in the ratio should be monitored for any potential implications on the company's financial health.