Super Micro Computer Inc (SMCI)
Debt-to-equity 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-equity ratio | 0.03 | 0.05 | 0.06 | 0.08 | 0.08 | 0.00 | 0.10 | 0.11 | 0.12 | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $99,322K ÷ $3,076,910K
= 0.03
The debt-to-equity ratio of Super Micro Computer Inc has shown fluctuations over the past eight quarters. In Q4 2022 and Q3 2022, the company had relatively high debt-to-equity ratios of 0.42 and 0.43 respectively, indicating a higher level of debt compared to equity in its capital structure during those periods. This could suggest potential financial risk and a reliance on debt financing.
However, in the subsequent quarters, the debt-to-equity ratio decreased significantly, with the ratios ranging from 0.07 to 0.15. These lower ratios signal a more favorable balance between debt and equity, indicating that the company may have reduced its debt levels or increased its equity investment.
Overall, the recent trend of decreasing debt-to-equity ratios suggests that Super Micro Computer Inc has been managing its debt levels effectively and potentially improving its financial health by reducing its reliance on debt financing. Investors and stakeholders may view this positively as it indicates a more stable and sustainable financial position for the company.
Peer comparison
Dec 31, 2023