Simulations Plus Inc (SLP)
Debt-to-assets ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 196,639 | 186,101 | 188,382 | 179,978 | 168,422 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $196,639K
= 0.00
The debt-to-assets ratio of Simulations Plus Inc has remained at 0.00 for the past five years, indicating that the company has not used debt to finance its operations or acquisitions during this period. This suggests that the company has been relying on equity financing or retained earnings to fund its activities, rather than taking on debt. A consistent debt-to-assets ratio of 0.00 typically signifies a strong financial position with low financial risk, as the company does not have significant obligations to repay debt, which could impact its liquidity or solvency. Overall, the stable and low debt-to-assets ratio demonstrates Simulations Plus Inc's prudent financial management and ability to operate without relying on external debt financing.
Peer comparison
Aug 31, 2024