Simulations Plus Inc (SLP)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 182,431 | 180,859 | 177,038 | 172,341 | 170,029 | 169,390 | 164,593 | 180,122 | 178,248 | 177,559 | 172,576 | 168,456 | 165,782 | 165,398 | 161,497 | 158,031 | 156,035 | 46,587 | 40,862 | 39,187 |
| 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 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $182,431K
= 0.00
Simulations Plus Inc has consistently maintained a debt-to-equity ratio of 0.00 across all the periods listed in the table. A debt-to-equity ratio of 0.00 indicates that the company has no debt in relation to its equity, suggesting a conservative financial structure with a low level of financial risk. This implies that the company has been financing its operations primarily through equity rather than debt financing. A low or zero debt-to-equity ratio is generally seen as favorable by investors and creditors as it signifies a strong financial position and the ability to meet financial obligations without relying heavily on borrowed funds.
Peer comparison
Aug 31, 2024