Super Micro Computer Inc (SMCI)
Debt-to-assets ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 99,322 | 105,389 | 120,179 | 133,235 | 142,273 | — | 147,618 | 144,423 | 139,032 | 45,134 | 34,700 | 27,867 | 20,577 | 11,980 | 5,697 | — | — | — | 0 | — |
| Total assets | US$ in thousands | 5,405,000 | 4,095,960 | 3,674,730 | 3,192,600 | 3,074,940 | 3,301,280 | 3,205,080 | 3,071,180 | 2,676,600 | 2,426,690 | 2,241,960 | 1,998,840 | 1,894,070 | 1,816,690 | 1,918,650 | 1,960,240 | 1,807,040 | 1,701,270 | 1,682,590 | 1,607,250 |
| Debt-to-assets ratio | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.00 | 0.05 | 0.05 | 0.05 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $99,322K ÷ $5,405,000K
= 0.02
The debt-to-assets ratio of Super Micro Computer Inc has fluctuated over the past eight quarters. In Q2 2024, the ratio stood at 0.07, indicating that only 7% of the company's assets were financed through debt. This ratio was slightly higher than in Q1 2024, where it was 0.04.
Looking back further, there was an increase in the ratio in Q4 2023 to 0.08 compared to Q3 2023 at 0.06. However, this was still lower than the higher levels seen in Q1 and Q4 of 2022, where the ratio stood at 0.08 and 0.19, respectively. Q2 and Q3 of 2022 also showed elevated levels at 0.06 and 0.18, respectively.
Overall, the trend in the debt-to-assets ratio for Super Micro Computer Inc has shown some variability, but generally, the company has maintained a conservative approach to debt, with the ratio consistently below 0.2. This indicates that the company relies more on its equity to finance its assets rather than taking on excessive debt.
Peer comparison
Dec 31, 2023