Sonos Inc (SONO)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 18,251 | 19,897 | 21,545 | 23,192 |
| Total assets | US$ in thousands | 916,312 | 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 |
| 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 | 0.00 | 0.02 | 0.03 | 0.03 | 0.03 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $916,312K
= 0.00
The debt-to-assets ratio for Sonos Inc has been consistently low over the past several quarters, hovering around 0.00 to 0.03. This indicates that the company has very little debt relative to its total assets. A low debt-to-assets ratio suggests that Sonos Inc relies more on equity financing rather than debt financing to fund its operations and expansion. This can be viewed positively by investors and creditors as it signifies a lower financial risk and potential for financial distress. Sonos Inc appears to have a strong financial position with a conservative debt structure based on the trend of its debt-to-assets ratio.
Peer comparison
Sep 30, 2024