Super Micro Computer Inc (SMCI)
Debt-to-capital ratio
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 120,179 | 147,618 | 34,700 | 5,697 | 0 |
| Total stockholders’ equity | US$ in thousands | 1,972,000 | 1,425,580 | 1,096,220 | 1,065,540 | 941,015 |
| Debt-to-capital ratio | 0.06 | 0.09 | 0.03 | 0.01 | 0.00 |
June 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $120,179K ÷ ($120,179K + $1,972,000K)
= 0.06
The debt-to-capital ratio of Super Micro Computer Inc has fluctuated over the past five years, indicating varying levels of reliance on debt financing relative to total capital. In 2023, the ratio stands at 0.13, showing a decrease from the previous year. This signifies that the company's debt accounts for 13% of its total capital, implying a relatively lower debt burden compared to the previous year. The significant increase in the ratio from 2021 to 2022 suggests a substantial rise in debt relative to capital during that period. Overall, the trend in the debt-to-capital ratio reflects the company's evolving financing structure and its ability to manage debt levels in relation to total capital over the years.
Peer comparison
Jun 30, 2023