Fabrinet (FN)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 15,202 | 27,358 | 39,514 |
| Total stockholders’ equity | US$ in thousands | 1,745,740 | 1,468,660 | 1,253,680 | 1,112,520 | 974,409 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.01 | 0.02 | 0.04 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,745,740K)
= 0.00
The debt-to-capital ratio of Fabrinet has been decreasing steadily over the past five years. In 2020, the company had a debt-to-capital ratio of 0.04, which gradually declined to 0.00 in 2024. This indicates that Fabrinet has been reducing its reliance on debt to finance its operations and investments relative to its total capital over the years. A debt-to-capital ratio of 0.00 in 2024 suggests that the company has no debt in its capital structure, reflecting a strong financial position and potentially lower financial risk. Overall, the declining trend in the debt-to-capital ratio implies improved financial stability and capital structure efficiency for Fabrinet over the period under consideration.
Peer comparison
Jun 30, 2024