Schrodinger Inc (SDGR)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.46 | 1.54 | 1.36 | 1.20 |
Based on the solvency ratios provided for Schrodinger Inc, we can observe the following trends:
1. Debt-to-assets ratio: As per the data, the debt-to-assets ratio has consistently been reported as 0.00 for the past five years. This indicates that the company has not utilized debt financing to acquire assets during this period.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio has also remained at 0.00 for all the years presented. This implies that the company has not relied on debt to fund its operations or investments relative to its capital structure.
3. Debt-to-equity ratio: The debt-to-equity ratio has consistently been reported as 0.00 over the last five years, indicating that Schrodinger Inc has had no debt compared to its equity during this period.
4. Financial leverage ratio: The financial leverage ratio for Schrodinger Inc has shown some variability over the years, with values ranging from 1.20 to 1.58. A higher financial leverage ratio signifies that the company is using more debt to finance its assets and operations compared to equity. The decreasing trend from 2019 to 2021 followed by an increase in 2022 and 2023 suggests fluctuations in the company's debt levels and financial structure.
In summary, the solvency ratios reveal that Schrodinger Inc has maintained a conservative approach towards debt utilization, with no significant debt presence in its capital structure. The varying financial leverage ratio reflects changes in the company's use of debt financing, which may be influenced by strategic decisions or market conditions. Overall, the company's stable solvency ratios indicate a strong financial position and a low risk of insolvency related to debt obligations.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Interest coverage | — | -48,939.00 | -4.88 | -0.94 |
Unfortunately, the data provided for Schrodinger Inc does not include the interest coverage ratio for the years 2019 to 2023. The interest coverage ratio is a key financial metric that indicates a company's ability to pay interest expenses on its outstanding debt. Without this information, it is difficult to assess Schrodinger Inc's ability to meet its interest obligations using this specific ratio. To conduct a thorough analysis of Schrodinger Inc's financial health and debt management, it would be essential to have access to the interest coverage ratio data for the relevant years.