Digi International Inc (DGII)
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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 194,684 | 188,051 | 194,556 | 214,062 | 218,568 | 222,448 | 240,702 | 260,208 | 275,340 | 45,799 | 45,670 | 45,541 | 43,483 | 58,980 | 74,477 | 104,973 | 105,470 | — | — | — |
Total stockholders’ equity | US$ in thousands | 542,075 | 540,488 | 531,583 | 520,179 | 509,928 | 501,513 | 486,922 | 480,504 | 474,032 | 472,517 | 465,471 | 459,152 | 377,642 | 371,500 | 363,305 | 358,363 | 356,315 | 348,978 | 345,076 | 340,838 |
Debt-to-equity ratio | 0.36 | 0.35 | 0.37 | 0.41 | 0.43 | 0.44 | 0.49 | 0.54 | 0.58 | 0.10 | 0.10 | 0.10 | 0.12 | 0.16 | 0.20 | 0.29 | 0.30 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $194,684K ÷ $542,075K
= 0.36
Digi International, Inc.'s debt-to-equity ratio has displayed a declining trend over the past eight quarters, indicating a decreasing reliance on debt financing compared to equity. The ratio has decreased from 0.57 in Q2 2022 to 0.36 in Q1 2024, showcasing a gradual improvement in the company's overall debt management. This suggests that Digi International's financial leverage has been decreasing, which may lead to lower financial risk and improved financial stability. Overall, the declining trend in the debt-to-equity ratio reflects a positive financial position for Digi International, Inc.
Peer comparison
Dec 31, 2023