ScanSource Inc (SCSC)
Debt-to-assets ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 136,149 | 144,006 | 123,733 | 135,331 | 143,175 |
| Total assets | US$ in thousands | 1,779,030 | 2,068,170 | 1,937,430 | 1,671,680 | 1,692,090 |
| Debt-to-assets ratio | 0.08 | 0.07 | 0.06 | 0.08 | 0.08 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $136,149K ÷ $1,779,030K
= 0.08
The debt-to-assets ratio for ScanSource Inc has shown some fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the ratio was 0.08, indicating that for every dollar of assets, the company had $0.08 of debt. This represents a slight increase compared to the previous year, where the ratio was 0.07.
Looking further back, the trend reveals that the debt-to-assets ratio was lower in the fiscal years ending June 30, 2023 and June 30, 2022, at 0.07 and 0.06 respectively. However, it rose back to 0.08 in the fiscal years ending June 30, 2021 and June 30, 2020.
Overall, the debt-to-assets ratio of ScanSource Inc has remained relatively stable around the 0.08 mark in recent years, suggesting that the company has been managing its debt level in relation to its total assets consistently. Investors and stakeholders may view this ratio as an indicator of the company's financial leverage and risk exposure.
Peer comparison
Jun 30, 2024