Sanmina Corporation (SANM)

Debt-to-assets 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	308,105	312,327	316,552	320,779	325,007	329,237	298,345	302,751	307,160	311,572	315,987	320,405	324,825	329,249	333,675	338,105	342,537	346,971	351,472	0
Total assets	US$ in thousands	4,616,980	4,873,970	4,957,890	5,029,460	1,579,280	4,835,530	4,743,670	4,649,910	4,502,010	4,206,720	4,002,590	3,765,740	3,779,730	3,772,660	4,474,700	4,360,180	3,829,740	3,905,510	4,019,960	4,206,690
Debt-to-assets ratio		0.07	0.06	0.06	0.06	0.21	0.07	0.06	0.07	0.07	0.07	0.08	0.09	0.09	0.09	0.07	0.08	0.09	0.09	0.09	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $308,105K ÷ $4,616,980K
= 0.07

The debt-to-assets ratio of Sanmina Corporation has been relatively stable over the past five quarters, ranging between 0.06 to 0.07. This indicates that the company has a low level of debt compared to its total assets during this period.

However, there was a significant increase in the debt-to-assets ratio in the fourth quarter of 2022, where the ratio spiked to 0.21. This could suggest a temporary increase in debt levels relative to assets, which may have been due to financing activities or other factors impacting the company's balance sheet during that period.

Overall, the company's debt-to-assets ratio has generally been low, indicating a conservative approach to debt management and a relatively strong financial position with a reasonable level of leverage. It would be important to monitor any significant changes in this ratio in future quarters to assess the company's financial health and risk profile.