Plexus Corp (PLXS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,266,760	1,214,380	1,184,360	1,182,380	1,150,260	1,095,730	1,058,190	1,040,590	1,044,100	1,028,230	1,020,450	1,013,950	1,006,960	977,480	944,821	892,558	908,372	865,576	860,791	875,444
Debt-to-capital ratio		0.23	0.24	0.27	0.27	0.29	0.27	0.27	0.26	0.22	0.17	0.17	0.16	0.23	0.23	0.24	0.22	0.19	0.23	0.25	0.21

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $388,200K ÷ ($388,200K + $1,266,760K)
= 0.23

The debt-to-capital ratio of Plexus Corp has shown fluctuations over the past years, ranging from 0.16 to 0.29. The ratio indicates the proportion of the company's capital structure that is funded by debt.

The ratio has generally been within a moderate range, with the highest value of 0.29 observed in December 2022 and the lowest at 0.16 in March 2021. It appears that the company has been managing its debt levels to maintain a relatively stable capital structure.

It's important to note that a lower debt-to-capital ratio may suggest a conservative financial approach with a lower reliance on debt financing, while a higher ratio may indicate higher financial leverage and associated risks. Plexus Corp's ratio has varied over time, indicating potential changes in its financing strategy or capital needs.

Further analysis and comparison with industry peers or past performance could provide more insights into the company's debt management practices and overall financial health.