Plexus Corp (PLXS)

Debt-to-assets ratio

		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	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	388,200	374,300	439,000	428,300	461,500	401,600	383,500	360,300	298,900	217,100	212,000	199,600	302,500	299,300	298,300	249,500	219,400	252,300	287,600	237,500
Total assets	US$ in thousands	3,304,610	3,321,170	3,418,940	3,382,020	3,395,290	3,393,220	3,204,460	2,990,050	2,709,650	2,461,890	2,321,440	2,236,800	2,272,060	2,289,850	2,288,520	2,095,200	2,110,100	2,000,880	2,016,230	2,000,850
Debt-to-assets ratio		0.12	0.11	0.13	0.13	0.14	0.12	0.12	0.12	0.11	0.09	0.09	0.09	0.13	0.13	0.13	0.12	0.10	0.13	0.14	0.12

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $388,200K ÷ $3,304,610K
= 0.12

The debt-to-assets ratio of Plexus Corp has shown some fluctuation over the past few quarters. The ratio indicates the proportion of the company's assets that are financed through debt.

In the latest quarter, as of December 31, 2023, the debt-to-assets ratio stands at 0.12, suggesting that 12% of Plexus Corp's assets are funded by debt. This is a slight increase from the previous quarter's ratio of 0.11. Looking back over the past five quarters, we observe that the ratio has ranged from 0.09 to 0.14, indicating some variability in how the company utilizes debt to finance its assets.

Overall, the debt-to-assets ratio for Plexus Corp has remained relatively stable with a generally low level of debt relative to its asset base. This indicates a conservative approach to financing assets, which may imply lower financial risk for the company. However, management should continue to monitor this ratio to ensure a healthy balance between debt and equity in the capital structure.