Sonos Inc (SONO)

Debt-to-capital 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 stockholders’ equity US$ in thousands 464,391 494,004 594,409 518,657 590,210 612,914 633,354 560,513 642,736 671,684 679,607 569,042 587,127 579,268 510,209 297,839 261,199 299,804 367,279 280,928
Debt-to-capital 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 0.06 0.07 0.07 0.06 0.08

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $464,391K)
= 0.00

The debt-to-capital ratio of Sonos Inc has been consistently low, hovering around 0.00 to 0.08 over the past several quarters. This indicates that the company has been using minimal debt relative to its total capital structure.

The ratio remained stable at 0.00 throughout the majority of the available historical data. There was a slight increase in the ratio to 0.06 in December 2020, which then further increased to 0.07 in March 2020 and September 2020. The ratio peaked at 0.08 in December 2019 before decreasing again.

Overall, the consistent low debt-to-capital ratio suggests that Sonos Inc has been relying more on equity financing rather than debt to fund its operations and growth. This can be seen as a positive sign of a strong financial position and lower financial risk by avoiding excessive leverage.


Peer comparison

Jun 30, 2024

Company name
Symbol
Debt-to-capital ratio
Sonos Inc
SONO
0.00
Arlo Technologies
ARLO
0.00
Knowles Cor
KN
0.18