Sanmina Corporation (SANM)

Financial leverage ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Total assets	US$ in thousands	4,873,970	4,835,530	4,206,720	3,772,660	3,905,510
Total stockholders’ equity	US$ in thousands	2,168,950	56,325	1,878,630	1,623,370	1,642,570
Financial leverage ratio		2.25	85.85	2.24	2.32	2.38

September 30, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,873,970K ÷ $2,168,950K
= 2.25

The financial leverage ratio of Sanmina Corp has displayed fluctuations over the past five years. The ratio decreased from 2.38 in 2019 to 2.24 in 2021, indicating a reduction in the company's reliance on debt to finance its assets. However, it subsequently increased to 2.61 in 2022, suggesting a higher level of debt relative to equity. In the most recent period, the ratio stood at 2.25, representing a moderate level of financial leverage. Overall, the company's financial leverage ratio has demonstrated variability, reflecting changes in its capital structure and debt management strategies.