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.