SolarEdge Technologies Inc (SEDG)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	658,342	956,366	2,106,190	2,240,550	2,411,910	2,490,410	2,520,190	2,350,790	2,176,370	2,052,130	2,027,530	2,010,520	1,310,040	1,242,080	1,177,790	1,099,920	1,085,760	1,032,040	924,801	866,418
Debt-to-capital ratio		0.33	0.26	0.23	0.22	0.21	0.20	0.20	0.21	0.22	0.23	0.24	0.24	0.49	0.33	0.34	0.36	0.51	0.36	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $330,006K ÷ ($330,006K + $658,342K)
= 0.33

The debt-to-capital ratio of SolarEdge Technologies Inc has shown fluctuations over the years, starting from 0.00 in March and June 2020. It increased to 0.51 by December 2020, indicating a significant portion of the company's capital was financed through debt. Subsequently, the ratio decreased to 0.20-0.26 range from June 2023 to September 2024, suggesting a reduction in dependence on debt financing. Overall, the trend indicates that the company's capital structure has evolved, with periods of higher and lower reliance on debt financing, potentially reflecting strategic shifts in financing decisions over time.