Schrodinger Inc (SDGR)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.95 | 1.49 | 1.45 | 1.44 | 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 |
Schrodinger Inc's solvency ratios indicate a strong financial position in terms of debt management. The Debt-to-assets ratio has consistently remained at 0.00 over the analyzed periods, showing that the company's total assets are entirely financed by equity. This suggests a low-risk level regarding the company's debt obligations relative to its assets.
Similarly, the Debt-to-capital ratio has consistently stood at 0.00, illustrating that Schrodinger Inc operates with no debt relative to its capital structure. This implies a robust financial foundation and minimal reliance on external borrowing to fund its operations.
The Debt-to-equity ratio has also remained stable at 0.00 across all periods, demonstrating that the company's financing is primarily reliant on equity rather than debt. This indicates a healthy balance between internal and external sources of funding and suggests lower financial risk.
The Financial leverage ratio has shown some fluctuations over time, ranging from 1.08 to 1.95. However, the values generally remain at moderate levels, indicating that Schrodinger Inc has maintained a reasonable level of financial leverage in its capital structure without being overly leveraged.
Overall, based on the solvency ratios analyzed, Schrodinger Inc appears to have a solid financial position with minimal debt obligations and a healthy mix of equity in its capital structure, reflecting sound financial management practices.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | -0.95 | -0.95 | -0.84 | -0.68 | -4.54 | -4.40 | -6.31 | -118.91 | -104.25 | -66.61 | -49.00 | -36.99 | -27.04 | -24.30 | -28.52 | -40.31 |
Based on the provided data for Schrodinger Inc's interest coverage ratio, we observe a significant improvement in the company's ability to cover its interest expenses over the given time period. The interest coverage ratio is calculated by dividing earnings before interest and taxes (EBIT) by the interest expenses. A higher ratio indicates the company is more capable of meeting its interest payments.
Initially, the interest coverage ratio was in negative territory, implying that the company's earnings were insufficient to cover its interest expenses. However, starting from June 30, 2022, there has been a remarkable turnaround. The interest coverage ratio has consistently improved, transitioning from negative values to positive ones, indicating that Schrodinger Inc's earnings have surpassed its interest obligations.
This positive trend in the interest coverage ratio signifies an enhancement in Schrodinger Inc's financial health and ability to service its debt. A rising interest coverage ratio suggests that the company is becoming more financially stable and less vulnerable to default risk due to its improved capacity to meet interest payments.
Overall, the strengthening interest coverage ratio reflects positively on Schrodinger Inc's financial performance and indicates a healthier position in managing its debt obligations as the company progresses further into the future.