Extreme Networks Inc (EXTR)

Debt-to-capital ratio

		Jun 30, 2025	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	65,584	71,705	51,208	32,721	25,282	64,962	108,184	108,482	116,752	103,192	84,567	110,603	90,343	99,263	69,599	72,325	54,468	35,136	17,925	9,911
Debt-to-capital 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

June 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $65,584K)
= 0.00

The analysis of Extreme Networks Inc.'s debt-to-capital ratio over the observed period reveals a consistent presentation of a ratio value of zero across all reported dates, from September 30, 2020, through June 30, 2025. This uniformity indicates that the company's capital structure does not include any recorded debt during this timeframe. Consequently, the company's capital is entirely composed of equity or other non-debt financing sources, with no obligation from debt instruments such as bonds or loans. This stability in the debt-to-capital ratio suggests a conservative financial strategy with a reliance on equity financing, which minimizes financial leverage and associated interest obligations. It also reflects a low-risk profile in terms of leverage but may have implications for the company's capacity to finance large-scale growth initiatives through debt.