Schrodinger Inc (SDGR)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	802,955	794,148	841,566	838,773	688,587	661,985	687,880	719,537	756,487	762,617	717,334	744,189	746,263	680,116	349,551	349,872
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

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $802,955K
= 0.00

The debt-to-assets ratio for Schrodinger Inc has consistently been reported as 0.00 across all quarters for the years 2022 and 2023. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity, which may imply a low financial risk and high financial stability. However, it is essential to consider other financial metrics and qualitative factors to assess the company's overall financial health and performance.