Advanced Drainage Systems Inc (WMS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $92,652K
= 0.00
Based on the provided data for Advanced Drainage Systems Inc, the debt-to-equity ratio has been consistently shown as 0.00 for the fiscal years ending on March 31, from 2021 to 2025. This indicates that the company has no debt recorded on its balance sheet during these periods in relation to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company is not relying on debt financing to fund its operations, which can be viewed positively by investors and stakeholders as it implies a lower financial risk and a stronger equity position. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-equity ratio to gain a more holistic understanding of the company's financial health and performance.