SolarEdge Technologies Inc (SEDG)
Debt-to-assets ratio
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 329,614 | 638,703 | 628,115 | 627,381 | 626,647 | 625,914 | 625,182 | 624,451 | 623,721 | 622,991 | 622,263 | 1,243,070 | 620,808 | 620,082 | 619,357 | 1,146,700 | 570,332 | — | — | 173 |
| Total assets | US$ in thousands | 2,816,390 | 3,948,210 | 4,166,820 | 4,587,730 | 4,651,150 | 4,696,560 | 4,496,430 | 4,265,950 | 3,903,550 | 3,772,780 | 3,682,920 | 2,900,950 | 2,656,830 | 2,564,320 | 2,464,600 | 2,437,110 | 2,278,300 | 1,605,830 | 1,513,840 | 1,494,620 |
| Debt-to-assets ratio | 0.12 | 0.16 | 0.15 | 0.14 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 | 0.17 | 0.17 | 0.43 | 0.23 | 0.24 | 0.25 | 0.47 | 0.25 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $329,614K ÷ $2,816,390K
= 0.12
The debt-to-assets ratio of SolarEdge Technologies Inc has shown fluctuations over the past years, ranging from as low as 0.00 to as high as 0.47. Generally, a lower debt-to-assets ratio indicates lower financial risk as it implies that the company relies less on debt to finance its operations.
Observing the trend over the most recent quarters, the ratio has been relatively stable around 0.12 to 0.16, suggesting that the company has managed its debt levels effectively compared to previous periods. It is important to note the significant spike in the ratio in the fourth quarter of 2021, which may indicate a sudden increase in debt levels or a decrease in asset values during that period.
Overall, the current debt-to-assets ratio of SolarEdge Technologies Inc indicates a moderate level of leverage, which could be considered reasonable depending on the industry standards and the company's specific circumstances. It is important for investors and stakeholders to monitor this ratio alongside other financial metrics to assess the company's financial health and risk profile.
Peer comparison
Sep 30, 2024