Plexus Corp (PLXS)

Debt-to-equity 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-equity ratio		0.31	0.31	0.37	0.36	0.40	0.37	0.36	0.35	0.29	0.21	0.21	0.20	0.30	0.31	0.32	0.28	0.24	0.29	0.33	0.27

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $388,200K ÷ $1,266,760K
= 0.31

The debt-to-equity ratio of Plexus Corp has varied over the past years, indicating fluctuations in the company's capital structure. The ratio has generally been below 1, indicating that the company has less debt relative to equity.

There was a noticeable increase in the debt-to-equity ratio in the most recent quarter, reaching 0.31, compared to the previous quarter where it was 0.29. This increase may suggest that Plexus Corp has taken on more debt relative to its equity in the latest period.

The trend over the last few years shows some fluctuations but generally staying within a reasonable range. However, investors and stakeholders may want to monitor any future changes in the debt-to-equity ratio, as significant shifts could signal changes in the company's financial leverage and risk profile. It's essential for the company to maintain a balanced capital structure to ensure financial stability and sustainable growth.