Advanced Drainage Systems Inc (WMS)
Debt-to-assets ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,690,360 | 3,268,910 | 2,901,120 | 2,649,760 | 2,413,830 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,690,360K
= 0.00
The debt-to-assets ratio for Advanced Drainage Systems Inc has consistently remained at 0.00 from March 31, 2021, to March 31, 2025. This indicates that the company does not rely heavily on debt to finance its assets, as the ratio implies no debt relative to its total assets. A low or zero debt-to-assets ratio is generally seen as a positive sign, suggesting that the company may have a strong financial position and may be less risky in terms of debt repayment obligations. Advanced Drainage Systems Inc's consistent 0.00 debt-to-assets ratio over the years reflects a prudent financial strategy of managing its capital structure effectively.