Extreme Networks Inc (EXTR)

Debt-to-equity ratio

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	178,265	180,597	182,931	185,261	187,591	198,188	222,669	231,640	270,570	279,514	288,458	297,379	315,865	322,402	328,941	335,461	394,585	399,704	348,916	353,406
Total stockholders’ equity	US$ in thousands	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	5,398	16,400	50,927	93,849
Debt-to-equity ratio		7.05	2.78	1.69	1.71	1.61	1.92	2.63	2.09	2.99	2.82	4.14	4.11	5.80	9.18	18.35	33.85	73.10	24.37	6.85	3.77

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $178,265K ÷ $25,282K
= 7.05

The debt-to-equity ratio of Extreme Networks Inc has displayed significant fluctuations over the past few quarters. As of June 30, 2024, the ratio stands at 7.05, indicating a relatively high level of debt compared to equity. This represents a substantial increase from the previous quarter's ratio of 2.78.

The trend in the debt-to-equity ratio shows a pattern of volatility, with ratios ranging from as low as 1.61 to as high as 73.10 in the recent quarters. This suggests fluctuations in the company's capital structure and its reliance on debt financing.

The significant variations in the debt-to-equity ratio highlight the company's changing financial leverage and its ability to manage debt levels effectively. Investors and stakeholders may closely monitor these fluctuations to assess the company's risk profile and financial health.