Advanced Drainage Systems Inc (WMS)
Debt-to-capital ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 92,652 | 1,261,900 | 977,367 | 1,088,420 | 1,049,700 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $92,652K)
= 0.00
The debt-to-capital ratio of Advanced Drainage Systems Inc has consistently been recorded at 0.00 from March 31, 2021, to March 31, 2025. This indicates that the company has not utilized any debt in relation to its overall capital structure during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily funded by equity rather than debt. From this data, it can be inferred that the company has a conservative approach towards leverage and relies more on equity financing to support its operations and growth initiatives.