Sonos Inc (SONO)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 18,251 | 19,897 | 21,545 | 23,192 | 24,840 |
| Total assets | US$ in thousands | 961,105 | 925,615 | 1,109,990 | 1,002,240 | 1,065,220 | 1,059,250 | 1,206,880 | 1,188,390 | 1,243,230 | 1,226,230 | 1,372,740 | 1,138,800 | 1,084,100 | 1,048,290 | 1,066,860 | 816,051 | 644,628 | 639,175 | 873,929 | 761,605 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $961,105K
= 0.00
The debt-to-assets ratio of Sonos Inc has remained consistently low at 0.00% for the most recent reporting periods, indicating that the company has not utilized debt significantly to finance its operations and investments. This suggests that Sonos Inc relies more on equity financing or has a strong cash position to support its operations and growth.
The slight increase in the debt-to-assets ratio from 0.00% to 0.03% over the past few quarters suggests a minimal utilization of debt relative to the company's total assets. This increase may indicate a very conservative approach to leverage or a strategic decision to take on additional debt for specific purposes.
Overall, the trend in Sonos Inc's debt-to-assets ratio indicates a stable financial structure with low reliance on debt, which could be viewed positively by investors and lenders as it signifies lower financial risk and potentially more room for future leveraging if needed.
Peer comparison
Jun 30, 2024