Corsair Gaming Inc (CRSR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 186,006 | 232,170 | 242,898 | 321,393 |
| Total stockholders’ equity | US$ in thousands | 667,575 | 623,838 | 568,180 | 437,390 |
| Debt-to-capital ratio | 0.22 | 0.27 | 0.30 | 0.42 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $186,006K ÷ ($186,006K + $667,575K)
= 0.22
The debt-to-capital ratio of Corsair Gaming Inc has shown a decreasing trend from 0.70 in 2019 to 0.23 in 2023. This indicates that the company has been successful in reducing its reliance on debt financing relative to its total capital over the years. A lower debt-to-capital ratio suggests a healthier financial position and lower financial risk for the company. It shows that Corsair Gaming Inc has been able to strengthen its capital structure by either paying down debt, raising equity, or a combination of both. This trend is positive as it indicates improved financial stability and may reflect positively on the company’s ability to manage its financial obligations effectively.
Peer comparison
Dec 31, 2023