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.