ScanSource Inc (SCSC)
Debt-to-equity 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-equity ratio | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.17 | 0.17 | 0.18 | 0.15 | 0.16 | 0.17 | 0.18 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.16 | 0.16 | 0.16 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $136,149K ÷ $924,255K
= 0.15
The debt-to-equity ratio of ScanSource Inc has been relatively stable over the past few quarters, ranging between 0.15 to 0.21. This ratio indicates the proportion of debt the company uses to finance its operations compared to the equity contributed by shareholders.
A lower debt-to-equity ratio suggests that the company relies more on equity financing, which can indicate a lower financial risk. On the other hand, a higher ratio may signal that the company is relying more on debt to fund its operations, potentially increasing financial risk.
ScanSource Inc's ratio has hovered around 0.15 to 0.20, indicating a moderate level of debt compared to equity in its capital structure. This suggests a balanced approach to financing operations, with a predominant reliance on equity rather than debt. It is important for investors and stakeholders to monitor changes in this ratio over time to assess the company's financial health and risk profile.
Peer comparison
Jun 30, 2024