ePlus inc (PLUS)
Solvency ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.93 | 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 |
Based on the provided data, ePlus inc has consistently maintained a strong solvency position over the years, as indicated by its low debt ratios.
1. Debt-to-assets ratio: The debt-to-assets ratio has remained at 0.00 for all the periods reported. This signifies that ePlus inc has not used debt financing to acquire assets and operates with a conservative capital structure.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio has also stayed at 0.00 across all periods. This suggests that the company's capital is predominantly funded by equity rather than debt.
3. Debt-to-equity ratio: The debt-to-equity ratio has consistently been reported as 0.00, indicating that ePlus inc has no financial leverage and relies solely on equity for funding its operations.
4. Financial leverage ratio: The financial leverage ratio has fluctuated over the periods but generally shows a downward trend. This ratio indicates the extent to which a company uses debt to finance its operations relative to its equity. The decreasing trend in the financial leverage ratio reflects the company's efforts to reduce its reliance on debt financing over time.
In conclusion, ePlus inc's solvency ratios suggest a conservative financial approach with minimal debt exposure. This indicates a lower risk of financial distress and reflects the company's ability to meet its financial obligations comfortably.
Coverage ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 50.65 | 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 |
The interest coverage ratio of ePlus inc has shown a positive trend over the past few years, indicating the company's ability to comfortably meet its interest obligations.
The ratio has consistently increased from 40.17 on June 30, 2020, to a peak of 78.50 on June 30, 2022. This upward trend signifies that ePlus inc has been generating more than enough income to cover its interest expenses, providing a cushion against any potential financial challenges.
However, there was a slight decline in the interest coverage ratio starting from September 30, 2022, dropping to 37.62 on September 30, 2023. Despite this dip, the ratio recovered in the following quarters, reaching 68.32 on March 31, 2025.
Overall, ePlus inc's interest coverage ratio demonstrates a generally healthy financial position, with the company effectively managing its interest payments relative to its earnings. It is essential for stakeholders to monitor this ratio over time to ensure the company maintains its ability to service its debt obligations.