Plexus Corp (PLXS)

Debt-to-capital ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Long-term debt	US$ in thousands	374,300	401,600	217,100	299,300	252,300
Total stockholders’ equity	US$ in thousands	1,214,380	1,095,730	1,028,230	977,480	865,576
Debt-to-capital ratio		0.24	0.27	0.17	0.23	0.23

September 30, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $374,300K ÷ ($374,300K + $1,214,380K)
= 0.24

The debt-to-capital ratio of Plexus Corp. has exhibited fluctuations over the past five years, indicating changes in the company's capital structure and leverage.

In the most recent fiscal year ending September 30, 2023, the debt-to-capital ratio decreased to 0.26 from 0.30 in the previous year. This suggests a reduction in the proportion of debt relative to the company's total capital, potentially indicating improved financial health and reduced reliance on debt financing.

However, it's important to note that in the prior fiscal year (October 1, 2022), the ratio was higher at 0.30, indicating a higher level of leverage. The ratio had been relatively stable in the preceding years, hovering around 0.25-0.26, except for the higher level of 0.30 in 2022.

Overall, the trend in the debt-to-capital ratio for Plexus Corp. suggests varying degrees of leverage and capital structure management over the past five years, indicative of the company's ability to effectively balance debt and equity in its capitalization strategy.