Sanmina Corporation (SANM)
Financial leverage ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 4,822,840 | 4,873,970 | 4,835,530 | 4,206,720 | 3,772,660 |
| Total stockholders’ equity | US$ in thousands | 2,196,620 | 2,168,950 | 56,325 | 1,878,630 | 1,623,370 |
| Financial leverage ratio | 2.20 | 2.25 | 85.85 | 2.24 | 2.32 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $4,822,840K ÷ $2,196,620K
= 2.20
Sanmina Corporation's financial leverage ratio has exhibited fluctuations over the past five years, ranging from 85.85 in 2022 to 2.20 in 2024. The significant spike in the ratio in 2022 may indicate a substantial increase in the company's debt relative to its equity during that period. In contrast, the ratios for 2024, 2023, 2021, and 2020 suggest a more stable financial structure with debt levels more aligned with equity. Overall, it is essential for Sanmina Corporation to carefully manage its financial leverage ratio to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Sep 30, 2024