Advanced Drainage Systems Inc (WMS)
Debt-to-equity ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 92,652 | 1,546,280 | 1,474,690 | 1,366,880 | 1,261,900 | 1,200,250 | 1,162,760 | 1,093,070 | 977,367 | 1,098,130 | 1,198,340 | 1,178,820 | 1,088,420 | 1,005,140 | 916,737 | 1,011,370 | 1,049,700 | 1,013,740 | 942,613 | 852,230 |
| 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 |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $92,652K
= 0.00
The debt-to-equity ratio for Advanced Drainage Systems Inc has consistently been calculated as 0.00 for the periods from June 30, 2020, to March 31, 2025. This indicates that the company has no financial leverage in its capital structure during these periods, as there is no debt funding present in relation to its equity. A debt-to-equity ratio of 0.00 implies that the company is using only equity to finance its operations and growth, which may suggest a conservative approach towards financial risk management. It is important to note that a low or zero debt-to-equity ratio does not necessarily mean that a company is in a better or worse financial position, as different industries and business models have varying optimal capital structures.