Super Micro Computer Inc (SMCI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 1,001,390 | 971,694 | 941,015 | 912,998 |
| Debt-to-capital ratio | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $99,322K ÷ ($99,322K + $3,076,910K)
= 0.03
The debt-to-capital ratio of Super Micro Computer Inc has displayed fluctuations over the past eight quarters, ranging from 0.06 to 0.30. In the most recent quarter, Q2 2024, the ratio stood at 0.11, indicating that the company's level of debt relative to its total capital was moderate.
The company experienced a significant increase in the ratio in Q4 2022 and Q3 2022, where the ratio was 0.30, suggesting that a higher proportion of the company's capital was funded by debt during these periods. However, this ratio decreased in subsequent quarters.
Overall, the trend of the debt-to-capital ratio suggests that Super Micro Computer Inc has been managing its debt levels and capital structure with some variations in recent quarters. It is important to monitor this ratio over time to assess the company's leverage and financial risk levels.
Peer comparison
Dec 31, 2023