Fabrinet (FN)
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 | — | — | — | — | 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-equity 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 | 0.05 | 0.05 | 0.05 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,745,740K
= 0.00
Fabrinet's debt-to-equity ratio has been consistently low in recent years, with values ranging from 0.00 to 0.05. This indicates that the company relies more on equity financing rather than debt to fund its operations and growth. A lower debt-to-equity ratio is generally viewed positively by investors as it suggests lower financial risk and greater financial stability. Fabrinet's ability to maintain a low debt-to-equity ratio over time may reflect prudent financial management and a strong balance sheet. However, it's important to note that a very low debt-to-equity ratio may also signal that the company is not taking advantage of the financial leverage that debt can provide for potential growth opportunities. Further analysis of other financial metrics and industry comparisons would provide additional insights into Fabrinet's overall financial health and performance.
Peer comparison
Jun 30, 2024