Sonos Inc (SONO)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 428,620 | 518,657 | 560,513 | 569,042 | 297,839 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $428,620K)
= 0.00
Sonos Inc's debt-to-capital ratio has consistently remained at 0.00 from September 30, 2020, to September 30, 2024. This indicates that the company has not relied on debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-financed, which may imply a lower risk of financial distress. It is important to note that a debt-to-capital ratio of 0.00 does not necessarily mean that the company has no debt at all. It could be a reflection of a negligible amount of debt relative to the total capital employed by the company. Sonos Inc's consistent low debt-to-capital ratio over the years may indicate a conservative financial strategy aimed at maintaining a strong equity position and financial stability.
Peer comparison
Sep 30, 2024