Simulations Plus Inc (SLP)
Debt-to-equity ratio
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 170,029 | 178,248 | 165,782 | 156,035 | 37,681 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $170,029K
= 0.00
The debt-to-equity ratio of Simulations Plus Inc. has been consistently low over the past five years, indicating a conservative capital structure and relatively low financial risk. The ratio has remained at 0.00 in 2023, 2022, 2021, and 2019, suggesting that the company has not utilized debt significantly to finance its operations and growth. In 2020, there was a notable but still relatively low increase in the debt-to-equity ratio to 0.03, indicating a slight increase in the company's reliance on debt to fund its activities. Overall, the consistently low debt-to-equity ratio reflects a strong equity position and conservative financial management by Simulations Plus Inc.
Peer comparison
Aug 31, 2023