Simulations Plus Inc (SLP)
Debt-to-assets ratio
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 193,973 | 185,778 | 186,101 | 179,134 | 173,201 | 190,461 | 188,382 | 186,223 | 185,044 | 180,994 | 179,978 | 179,083 | 175,769 | 170,470 | 168,422 | 35,885 | 49,200 | 47,763 | 45,197 | 45,502 |
| 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 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $193,973K
= 0.00
The debt-to-assets ratio of Simulations Plus Inc has consistently been at 0.00 across multiple reporting periods. This indicates that the company has not utilized debt financing to fund its operations and investments. A debt-to-assets ratio of 0% suggests that the company relies solely on equity to finance its assets, which can be viewed positively as it signifies a low level of financial risk and a strong financial position. However, it is important to note that having no debt may limit the company's ability to leverage financial leverage for potential growth opportunities. Overall, the consistent 0.00 debt-to-assets ratio reflects Simulations Plus Inc's conservative approach to capital structure and financial management.
Peer comparison
Feb 29, 2024