Simulations Plus Inc (SLP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.08 | 1.07 | 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 |
Simulations Plus Inc has consistently maintained a low solvency risk as indicated by its debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all being at 0.00 throughout the given periods. This signifies that the company has not relied heavily on debt financing to support its operations.
However, the financial leverage ratio has shown some fluctuation, varying between 1.05 to 1.22 over the periods analyzed. This ratio indicates that the company's assets are relatively well financed by equity, but there has been some volatility in the capital structure over time.
Overall, Simulations Plus Inc's solvency ratios suggest a stable and financially sound position, with a comfortable level of leverage and minimal reliance on debt to support its operations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | 126.29 | 18.76 | 23.59 | 22.85 | 18.83 | 504.86 | 589.55 | 557.23 | — | — | — | — | — |
The interest coverage ratio for Simulations Plus Inc for the periods available shows variability. In November 2022, the interest coverage ratio was 126.29, indicating that the company's earnings before interest and taxes were more than sufficient to cover its interest expense. This level of coverage provides a comfortable margin of safety for the company's debt obligations.
In contrast, the interest coverage ratios in prior periods, such as August 2022, May 2022, and February 2022 were lower, at 18.76, 23.59, and 22.85 respectively. While these ratios still indicate that the company's earnings can cover its interest payments, they suggest a relatively tighter financial position compared to the higher ratios observed in 2022.
The most recent periods do not provide data for interest coverage. Therefore, it is important to monitor future financial statements to assess whether the company's ability to cover interest expenses has remained consistent or if there have been any significant changes in its financial position.