Super Micro Computer Inc (SMCI)

Financial leverage 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
Total assets	US$ in thousands	9,728,350	10,851,400	9,826,090	8,862,780	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
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
Financial leverage ratio		1.56	1.85	1.81	1.74	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $9,728,350K ÷ $6,238,310K
= 1.56

The financial leverage ratio of Super Micro Computer Inc has shown fluctuations over the period under consideration. The ratio stood at around 1.8 in the first half of 2020, indicating that the company had a moderate level of financial leverage.

From the second half of 2020 to the first half of 2022, the financial leverage ratio steadily increased, reaching a peak of 2.41 in March 2022. This significant increase suggests that the company took on higher levels of debt relative to its equity during this period.

However, from the second half of 2022 to the end of 2024, the financial leverage ratio started to decline, reaching a low of 1.56 by December 2024. This decrease indicates a reduction in the company's reliance on debt financing and a potential improvement in its financial stability.

Overall, the trend in Super Micro Computer Inc's financial leverage ratio shows periods of both increasing and decreasing leverage levels, highlighting the company's changing capital structure and financing decisions over time.