Schrodinger Inc (SDGR)

Financial leverage 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
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
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
Financial leverage ratio		1.46	1.41	1.38	1.42	1.54	1.43	1.40	1.36	1.36	1.32	1.18	1.18	1.20	1.08	1.18	1.18

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $802,955K ÷ $548,558K
= 1.46

Schrodinger Inc's financial leverage ratio has exhibited some fluctuations over the past eight quarters. The ratio, which measures the extent to which the company relies on debt financing, has ranged from 1.36 to 1.54 during this period.

The company's financial leverage ratio peaked at 1.54 in Q4 2022, indicating a higher level of debt relative to equity in that quarter. Subsequently, the ratio decreased in the following quarters before reaching a low of 1.36 in Q1 2022. This suggests a reduction in the reliance on debt financing compared to equity during that period.

Overall, the trend in the financial leverage ratio for Schrodinger Inc appears to be relatively stable, with minor fluctuations occurring within a moderate range. It is important for the company to carefully manage its debt levels to maintain a healthy balance between debt and equity to support sustainable growth and financial stability.