Super Micro Computer Inc (SMCI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,405,000 | 4,095,960 | 3,674,730 | 3,192,600 | 3,074,940 | 3,301,280 | 3,205,080 | 3,071,180 | 2,676,600 | 2,426,690 | 2,241,960 | 1,998,840 | 1,894,070 | 1,816,690 | 1,918,650 | 1,960,240 | 1,807,040 | 1,701,270 | 1,682,590 | 1,607,250 |
| 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 |
| Financial leverage ratio | 1.76 | 1.89 | 1.86 | 1.81 | 1.69 | 2.03 | 2.25 | 2.41 | 2.26 | 2.14 | 2.05 | 1.90 | 1.78 | 1.69 | 1.80 | 1.89 | 1.80 | 1.75 | 1.79 | 1.76 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,405,000K ÷ $3,076,910K
= 1.76
The financial leverage ratio of Super Micro Computer Inc has fluctuated over the past eight quarters. The ratio indicates the extent to which the company is utilizing debt to finance its operations. A higher ratio suggests a higher level of debt relative to equity, indicating higher financial risk.
Super Micro Computer Inc's financial leverage ratio ranged from 1.69 to 2.41 during the periods presented. The ratio peaked in Q3 2022 at 2.41, signifying a higher reliance on debt financing at that time. Subsequently, the ratio decreased to 1.69 in Q2 2023, indicating a lower level of debt relative to equity.
In Q2 2024, the financial leverage ratio stood at 1.76, showing a moderate level of leverage compared to the historical data. The decreasing trend from the previous quarter suggests that the company may be managing its debt levels more effectively.
Overall, the fluctuating trend of the financial leverage ratio for Super Micro Computer Inc indicates varying levels of reliance on debt financing over the analyzed periods. Investors and stakeholders should closely monitor these fluctuations to assess the company's financial risk and stability.
Peer comparison
Dec 31, 2023
See also:
Super Micro Computer Inc Financial Leverage (Quarterly Data)