Super Micro Computer Inc (SMCI)

Debt-to-equity 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-equity ratio		0.27	0.29	0.31	0.02	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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,700,640K ÷ $6,238,310K
= 0.27

The debt-to-equity ratio of Super Micro Computer Inc has shown fluctuations over the past few years. The ratio remained stable at low levels between 2020 and 2021, indicating a conservative financial structure with minimal debt relative to equity. However, there was a significant increase in the ratio by the end of 2021, reaching 0.12, which suggests a higher reliance on debt financing compared to equity.

Subsequently, the ratio decreased in the following periods until the second quarter of 2024, where it spiked to 0.31, indicating a notable increase in the company's debt relative to equity – potentially signaling a shift towards a more leveraged capital structure.

Overall, the trend in Super Micro Computer Inc's debt-to-equity ratio indicates fluctuations in the company's debt management and financial leverage, which could impact its risk profile and financial stability. Monitoring these changes can help assess the company's ability to meet its financial obligations and its overall financial health.