Schrodinger Inc (SDGR)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $548,558K
= 0.00
Based on the data provided for Schrodinger Inc's debt-to-equity ratio for the past eight quarters, it is evident that the ratio has consistently been calculated as 0.00. A debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity. This could suggest that Schrodinger Inc has been primarily funded by equity rather than debt during the period analyzed. A debt-to-equity ratio of zero may indicate a financially stable position, as there is no debt to service and the company has a strong equity base. However, it is essential to note that a very low or zero debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth or tax advantages. Further analysis of the company's capital structure, profitability, and risk management strategies would provide a more holistic understanding of its financial health.
Peer comparison
Dec 31, 2023