Plexus Corp (PLXS)

Debt-to-equity 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-equity ratio		0.31	0.37	0.21	0.31	0.29

September 30, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $374,300K ÷ $1,214,380K
= 0.31

The debt-to-equity ratio of Plexus Corp. has shown some fluctuations over the past five years. In 2023, the ratio stands at 0.35, indicating a decrease from the previous year's 0.42. This suggests that the company has reduced its reliance on debt in relation to equity. The 2023 ratio is also higher than the 0.25 reported in 2021 and similar to the 0.34 and 0.33 reported in 2020 and 2019, respectively. Overall, the trend suggests that Plexus Corp. has maintained a moderate level of debt in relation to its equity position over the years, indicating a relatively stable capital structure.