Schrodinger Inc (SDGR)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $548,558K
= 0.00
Based on the data provided, Schrodinger Inc has consistently maintained a debt-to-equity ratio of 0.00 for the past five years. This indicates that the company has not utilized debt financing as a source of capital relative to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company has zero debt on its balance sheet, implying a lower financial risk due to the absence of interest payments and potential debt obligations. However, it is essential to note that while a zero debt-to-equity ratio may indicate financial prudence and conservative financial management, it also raises questions about the company's utilization of leverage to maximize growth opportunities or tax advantages. Schrodinger Inc's consistent zero debt-to-equity ratio may reflect a deliberate strategic decision to operate with minimal debt exposure, potentially prioritizing financial stability and flexibility in its operations.
Peer comparison
Dec 31, 2023