SolarEdge Technologies Inc (SEDG)

Debt-to-assets ratio

		Dec 31, 2024	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
Long-term debt	US$ in thousands	330,006	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	—	—
Total assets	US$ in thousands	2,630,200	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
Debt-to-assets ratio		0.13	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

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $330,006K ÷ $2,630,200K
= 0.13

The debt-to-assets ratio of SolarEdge Technologies Inc has shown fluctuations over the past few years. From December 31, 2020, to December 31, 2021, there was a significant increase in the ratio from 0.47 to 0.43, indicating that the company's debt level relative to its total assets also increased during this period. However, from March 31, 2022, to December 31, 2024, the ratio gradually decreased from 0.17 to 0.13, suggesting a reduction in the proportion of debt to total assets.

Overall, the trend in the debt-to-assets ratio indicates that SolarEdge Technologies Inc has been managing its debt levels more prudently in recent years. A decreasing ratio signifies a lower reliance on debt to finance its operations and investments, potentially enhancing the company's financial stability and risk profile.