Simulations Plus Inc (SLP)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 37,681 | 36,168 |
| 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 |
February 29, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $177,038K
= 0.00
The debt-to-equity ratio of Simulations Plus Inc has consistently been 0.00 for the periods listed in the table. This indicates that the company has not utilized any debt to finance its operations in relation to its equity. An extremely low or zero debt-to-equity ratio may suggest a conservative financial strategy, as the company is not relying heavily on borrowed funds to fund its operations. It also implies that the company may have a strong equity base to support its activities. However, it is important to note that a zero debt-to-equity ratio does not necessarily indicate that a company is not exposed to any financial risk, as other financial ratios and factors must be considered for a more comprehensive assessment of the company's financial health.
Peer comparison
Feb 29, 2024