Simulations Plus Inc (SLP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| 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 |
| Financial leverage ratio | 1.10 | 1.08 | 1.09 | 1.06 | 1.05 | 1.06 | 1.06 | 1.05 | 1.07 | 1.07 | 1.09 | 1.08 | 1.09 | 1.08 | 1.08 | 0.77 | 1.20 | 1.22 | 1.20 | 1.26 |
Simulations Plus Inc has consistently maintained a very low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 across all reporting periods, indicating that the company operates with minimal financial leverage and relies primarily on equity financing rather than debt.
The financial leverage ratio has shown some variability over the periods, ranging from 0.77 to 1.26. The ratio indicates that the company's assets are financed primarily by equity rather than debt, with a higher financial leverage ratio implying a higher proportion of debt in the capital structure. It is important to note that the financial leverage ratio fluctuates, which may be influenced by various factors such as changes in business operations, capital structure decisions, or financial performance.
Overall, Simulations Plus Inc's solvency ratios suggest a conservative approach to capital structure management, with a focus on maintaining a strong financial position and stability in the face of potential financial risks.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | 126.29 | 18.76 | 23.59 | 22.85 | 18.83 | 504.86 | 589.55 | 557.23 | — | — | — | — | — | — | 71.82 |
Based on the data provided for Simulations Plus Inc, the interest coverage ratio fluctuates over the periods analyzed.
There is missing data for several periods, but looking at the available data points, significant variations can be observed. The interest coverage ratio was notably high in August 2021 at 589.55 and in May 2021 at 557.23, indicating that the company had a strong ability to cover its interest obligations with its earnings in those quarters.
In contrast, the interest coverage ratio dropped in the subsequent quarters, with a significant decrease to 18.76 in November 2022, indicating a potential strain on the company's ability to cover its interest expenses with its operating income during that period.
It's important to note the inconsistency in the availability of data points which may impact the overall trend analysis and comparability across periods. A more consistent and complete dataset would provide a clearer picture of the company's ability to cover its interest expenses over time.