Schrodinger Inc (SDGR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 548,558 | 447,894 | 557,071 | 624,015 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $548,558K)
= 0.00
Based on the historical data provided for Schrodinger Inc, the debt-to-capital ratio has consistently been at 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not used any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 means that the company's capital is entirely funded by equity, which may suggest a conservative financial strategy or strong profitability that allows the company to operate without borrowing. While a low or zero debt-to-capital ratio can signal financial stability and lower financial risk, it is essential to consider other factors such as the cost of capital and potential limitations on growth that may result from a lack of leverage. Overall, Schrodinger Inc's consistent debt-to-capital ratio of 0.00 over the past five years suggests a relatively low-risk capital structure, but it is important to monitor how this aspect evolves in the future to ensure sustainable growth and financial health.
Peer comparison
Dec 31, 2023