Fabrinet (FN)
Debt-to-capital 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 | — | — | — | — | 0 | 3,039 | 6,078 | 9,117 | 15,202 | 18,241 | 21,279 | 24,319 | 27,358 | 30,397 | 33,436 | 36,475 | 39,514 | 42,553 | 45,592 | 48,631 |
| Total stockholders’ equity | US$ in thousands | 1,745,740 | 1,660,240 | 1,611,380 | 1,530,170 | 1,468,660 | 1,441,580 | 1,384,130 | 1,302,370 | 1,253,680 | 1,228,730 | 1,199,190 | 1,146,000 | 1,112,520 | 1,073,510 | 1,036,670 | 1,000,700 | 974,409 | 933,409 | 928,327 | 890,695 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 |
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 remained relatively low and stable over the past few quarters, ranging from 0.00 to 0.05. This indicates that the company's capital structure is primarily funded by equity rather than debt. A lower debt-to-capital ratio suggests lower financial risk and greater financial stability. However, it is important to monitor any changes in this ratio over time as increasing levels of debt could indicate a shift in the company's financial leverage strategy. Overall, Fabrinet's consistent low debt-to-capital ratio reflects a conservative approach to financing its operations.
Peer comparison
Jun 30, 2024