ScanSource Inc (SCSC)
Debt-to-capital ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 136,149 | 138,024 | 139,899 | 141,774 | 144,006 | 145,881 | 147,756 | 149,631 | 123,733 | 126,546 | 129,358 | 132,171 | 135,331 | 137,206 | 139,081 | 140,956 | 143,175 | 145,050 | 146,925 | 148,800 |
| Total stockholders’ equity | US$ in thousands | 924,255 | 944,051 | 953,601 | 915,253 | 905,298 | 878,895 | 862,386 | 827,004 | 806,528 | 806,654 | 768,525 | 746,094 | 731,191 | 690,575 | 682,139 | 671,227 | 678,246 | 897,678 | 927,580 | 905,751 |
| Debt-to-capital ratio | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.13 | 0.14 | 0.14 | 0.15 | 0.16 | 0.17 | 0.17 | 0.17 | 0.17 | 0.14 | 0.14 | 0.14 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $136,149K ÷ ($136,149K + $924,255K)
= 0.13
ScanSource Inc's debt-to-capital ratio has been relatively stable in recent quarters, ranging from 0.13 to 0.17. This indicates that the company has been maintaining a moderate level of debt relative to its capital structure. A lower debt-to-capital ratio suggests that the company relies less on debt financing and has a stronger equity position. On the other hand, a higher ratio could indicate a higher level of financial risk due to increased reliance on debt.
Overall, the consistent level of the debt-to-capital ratio suggests that ScanSource Inc has been managing its debt levels prudently and maintaining a balanced capital structure. It is important for investors and stakeholders to monitor this ratio over time to assess the company's ability to meet its debt obligations and manage its financial risks effectively.
Peer comparison
Jun 30, 2024