Sonos Inc (SONO)

Debt-to-equity 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-equity 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	0.08	0.07	0.06	0.09

June 30, 2024 calculation

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

The debt-to-equity ratio of Sonos Inc has been consistently low, hovering around 0.00 for all the quarters up until the end of 2020. However, there was a slight increase in the ratio in the most recent quarters, reaching 0.06 in September 2020, 0.08 in June 2020, and 0.07 in March 2020. This indicates that the company has started to utilize more debt in its capital structure compared to equity in recent periods. It is important to monitor this trend to assess its impact on the company's financial health and risk profile.

Peer comparison

Jun 30, 2024

Company name

Symbol

Debt-to-equity ratio

Sonos Inc

SONO

0.00