Schrodinger Inc (SDGR)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 548,558 | 563,581 | 611,225 | 590,260 | 447,894 | 463,110 | 493,058 | 530,667 | 557,071 | 579,806 | 605,751 | 631,768 | 624,015 | 630,878 | 296,120 | 295,517 |
| 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 |
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 data provided for Schrodinger Inc's debt-to-capital ratio for the past eight quarters, it is evident that the company has consistently maintained a debt-to-capital ratio of 0.00 across all periods. This consistent ratio indicates that the company has not utilized debt as a source of capital, relying instead on equity to finance its operations and investments. While having a low or zero debt-to-capital ratio can be a positive sign of financial stability and lower financial risk, it is important to consider the potential limitations associated with relying solely on equity financing, such as missed opportunities for leveraging debt for potential growth or tax benefits. Overall, Schrodinger Inc's consistent zero debt-to-capital ratio suggests a conservative approach to capital structure and financial management.
Peer comparison
Dec 31, 2023