Sonos Inc (SONO)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 0 | 18,251 | 24,840 |
| Total assets | US$ in thousands | 1,002,240 | 1,188,390 | 1,138,800 | 816,051 | 761,605 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,002,240K
= 0.00
The debt-to-assets ratio for Sonos Inc has exhibited a consistent and relatively low level of leverage in recent years. As of September 30, 2023, the company reported a debt-to-assets ratio of 0.00, indicating that it had no financial leverage as its total liabilities did not exceed its total assets. This is consistent with the previous year's ratio of 0.00 and suggests that the company has been effectively managing its debt levels and maintaining a strong asset base. Additionally, the steady decline in the debt-to-assets ratio from 0.04 in 2019 to the current level further reflects a reduction in the company's reliance on debt financing in relation to its asset base. Overall, the consistently low and decreasing debt-to-assets ratio signals a solid financial position and minimal risk of financial distress related to debt obligations for Sonos Inc.
Peer comparison
Sep 30, 2023