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