Corsair Gaming Inc (CRSR)
Debt-to-equity 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-equity ratio | 0.28 | 0.32 | 0.34 | 0.35 | 0.37 | 0.46 | 0.46 | 0.42 | 0.43 | 0.45 | 0.51 | 0.60 | 0.73 | 0.95 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $186,006K ÷ $667,575K
= 0.28
Over the past eight quarters, Corsair Gaming Inc's debt-to-equity ratio has shown a decreasing trend, indicating a more conservative capital structure. The ratio has progressively declined from 0.47 in Q3 2022 to 0.30 in Q4 2023. This suggests that the company has been reducing its reliance on debt financing in relation to equity over this period. The lower ratio indicates a stronger financial position in terms of debt obligations and may signify improved stability and risk mitigation. It would be important to continue monitoring this trend to assess the company's ongoing financial health and sustainability.
Peer comparison
Dec 31, 2023