Super Micro Computer Inc (SMCI)

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	1,700,640	1,699,180	1,697,720	85,646	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	—
Total stockholders’ equity	US$ in thousands	6,238,310	5,876,750	5,417,210	5,093,990	3,076,910	2,165,380	1,972,000	1,768,410	1,818,680	1,625,040	1,425,580	1,273,740	1,186,670	1,132,620	1,096,220	1,053,780	1,064,050	1,072,570	1,065,540	1,038,230
Debt-to-capital ratio		0.21	0.22	0.24	0.02	0.03	0.05	0.06	0.07	0.07	0.00	0.09	0.10	0.10	0.04	0.03	0.03	0.02	0.01	0.01	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,700,640K ÷ ($1,700,640K + $6,238,310K)
= 0.21

The debt-to-capital ratio for Super Micro Computer Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 0%, indicating no debt in the capital structure, then gradually increased to 24% as of June 30, 2024, reflecting a significant increase in debt relative to capital. The ratio then decreased slightly but remained relatively high at 22% as of September 30, 2024, and 21% as of December 31, 2024.

These fluctuations in the debt-to-capital ratio suggest that Super Micro Computer Inc has been increasingly leveraging debt in its capital structure over the period under review. It is important for investors and analysts to monitor this ratio to assess the company's risk profile, financial leverage, and ability to meet its debt obligations.