Plexus Corp (PLXS)

Debt-to-equity ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	197,800	374,300	401,600	217,100	299,300
Total stockholders’ equity	US$ in thousands	1,324,820	1,214,380	1,095,730	1,028,230	977,480
Debt-to-equity ratio		0.15	0.31	0.37	0.21	0.31

September 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $197,800K ÷ $1,324,820K
= 0.15

The debt-to-equity ratio of Plexus Corp has shown fluctuations over the past five years. In 2020, the ratio was 0.31, indicating that the company had relatively higher debt compared to equity. However, in 2021, the ratio decreased significantly to 0.21, suggesting a lower level of debt relative to equity. This trend continued into 2022 with a further decrease to 0.37, signaling an increase in reliance on equity financing.

In 2023, the ratio increased to 0.31, indicating a slight uptick in debt compared to equity. However, in 2024, the ratio dropped significantly to 0.15, showcasing a substantial decrease in debt relative to equity. Overall, the downward trend in the debt-to-equity ratio over the past two years suggests that Plexus Corp has been reducing its debt levels and improving its financial leverage through increased equity financing. This may indicate a more stable and sustainable capital structure for the company.