Sanmina Corporation (SANM)
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 | 299,823 | 312,327 | 329,237 | 311,572 | 329,249 |
| Total stockholders’ equity | US$ in thousands | 2,196,620 | 2,168,950 | 56,325 | 1,878,630 | 1,623,370 |
| Debt-to-equity ratio | 0.14 | 0.14 | 5.85 | 0.17 | 0.20 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $299,823K ÷ $2,196,620K
= 0.14
The debt-to-equity ratio of Sanmina Corporation has exhibited fluctuations over the last five years. In 2024 and 2023, the ratio remained stable at 0.14, indicating a balanced mix of debt and equity in the company's capital structure. However, a significant increase was observed in 2022, with the ratio spiking to 5.85, pointing to a substantial reliance on debt financing that year. The company managed to reduce this leverage in 2023 and subsequent years, bringing the ratio back to more moderate levels at 0.17 in 2021 and 0.20 in 2020. Overall, it is important for investors and stakeholders to monitor the debt-to-equity ratio of Sanmina Corporation to assess the company's financial leverage and risk exposure.
Peer comparison
Sep 30, 2024