Corsair Gaming Inc (CRSR)
Debt-to-capital ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 186,006 | 210,573 | 217,357 | 220,390 | 232,170 | 239,052 | 240,377 | 241,709 | 242,898 | 244,087 | 270,013 | 294,254 | 321,393 | 370,090 |
| Total stockholders’ equity | US$ in thousands | 667,575 | 649,926 | 648,186 | 633,271 | 623,838 | 516,200 | 524,712 | 580,274 | 568,180 | 537,015 | 529,686 | 487,707 | 437,390 | 388,552 |
| Debt-to-capital ratio | 0.22 | 0.24 | 0.25 | 0.26 | 0.27 | 0.32 | 0.31 | 0.29 | 0.30 | 0.31 | 0.34 | 0.38 | 0.42 | 0.49 |
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 for Corsair Gaming Inc has shown a fluctuating trend over the past eight quarters. The ratio has ranged from 0.23 to 0.32, indicating varying levels of debt relative to total capital during this period. In general, a lower debt-to-capital ratio suggests a lower financial risk for the company, as it means the company has less reliance on debt financing compared to its total capital structure.
The decreasing trend from 0.28 in Q4 2022 to 0.23 in Q4 2023 may indicate that Corsair Gaming Inc has been managing its debt levels effectively or that it has been strengthening its equity position. However, the slight increase in the ratio in the most recent quarters, from 0.23 in Q4 2023 to 0.27 in Q1 2023, suggests a potential increase in debt relative to capital or a reduction in equity.
Overall, the debt-to-capital ratio provides insight into the company's capital structure and financial leverage, highlighting the mix of debt and equity financing Corsair Gaming Inc utilizes to support its operations and growth initiatives. Monitoring this ratio over time can help assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2023