Simulations Plus Inc (SLP)
Debt-to-assets ratio
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 196,639 | 192,691 | 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 |
| 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 |
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 consistently been reported as 0.00 for the periods listed in the table. This indicates that the company has not carried any debt on its balance sheet relative to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company's assets are financed entirely by equity rather than debt, which may indicate a conservative financial strategy or a strong financial position with minimal financial risk. However, it's important to consider that a low or zero debt-to-assets ratio may also mean missed opportunities for leveraging debt for potential growth or tax advantages.
Peer comparison
Aug 31, 2024