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
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
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
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

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.