Sanmina Corporation (SANM)

Debt-to-equity ratio

Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Long-term debt US$ in thousands 299,823 299,665 303,884 308,105 312,327 316,552 320,779 325,007 329,237 298,345 302,751 307,160 311,572 315,987 320,405 324,825 329,249 333,675 338,105 342,537
Total stockholders’ equity US$ in thousands 2,196,620 68,988 69,533 67,539 2,168,950 65,882 2,217,990 63,275 56,325 1,768,560 1,805,040 1,852,760 1,878,630 1,839,120 1,735,110 1,677,950 1,623,370 1,653,480 1,617,750 1,679,380
Debt-to-equity ratio 0.14 4.34 4.37 4.56 0.14 4.80 0.14 5.14 5.85 0.17 0.17 0.17 0.17 0.17 0.18 0.19 0.20 0.20 0.21 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 shown significant fluctuations over the past few quarters. In September 2024, the ratio stood at 0.14, indicating a relatively low level of debt compared to equity. This suggests a conservative capital structure with more reliance on equity financing.

However, looking back over the past few quarters, there has been volatility in the company's debt-to-equity ratio. For example, in June 2024, March 2024, and December 2023, the ratio was above 4, indicating a considerably higher level of debt relative to equity. This may suggest a higher financial risk for the company during those periods.

The ratio has shown intermittent decreases and increases in earlier quarters, with values ranging from 0.14 to 5.85. The consistent shifts in the debt-to-equity ratio highlight potential changes in the company's capital structure and financing decisions over time.

Overall, the varying debt-to-equity ratios suggest fluctuations in Sanmina Corporation's leverage and financial risk profile. It would be important for stakeholders to closely monitor these ratios to assess the company's financial health and risk exposure.