Sanmina Corporation (SANM)

Debt-to-assets ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	299,823	312,327	329,237	311,572	329,249
Total assets	US$ in thousands	4,822,840	4,873,970	4,835,530	4,206,720	3,772,660
Debt-to-assets ratio		0.06	0.06	0.07	0.07	0.09

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $299,823K ÷ $4,822,840K
= 0.06

The debt-to-assets ratio for Sanmina Corporation has remained relatively stable over the past five years, ranging from 0.06 to 0.09. This ratio indicates that, on average, the company uses a small proportion of debt to finance its assets, with the majority of its assets being funded by equity. A lower debt-to-assets ratio is generally viewed positively as it suggests lower financial risk and greater financial stability. The consistent and relatively low ratio over the years indicates that the company has a conservative approach to debt management and maintains a strong financial position.