Sonos Inc (SONO)

Debt-to-assets ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	—	—	—	0	18,251
Total assets	US$ in thousands	916,312	1,002,240	1,188,390	1,138,800	816,051
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.02

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $916,312K
= 0.00

The debt-to-assets ratio of Sonos Inc has remained at 0.00 for the four most recent years, 2021, 2022, 2023, and 2024, indicating that the company has not utilized debt to finance its assets during this period. It's worth noting that in 2020, the ratio was 0.02, suggesting a minimal level of debt relative to assets at that time. Overall, the consistent 0.00 debt-to-assets ratio in recent years indicates that Sonos Inc has a strong ability to fund its assets through internal resources or equity rather than relying on external debt financing.

Peer comparison

Sep 30, 2024

Company name

Symbol

Debt-to-assets ratio

Sonos Inc

SONO

0.00