Seagate Technology PLC (STX)
Debt-to-assets 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 | 5,195,000 | 5,192,000 | 5,669,000 | 5,666,000 | 5,388,000 | 4,840,000 | 5,393,000 | 5,613,000 | 5,062,000 | 5,614,000 | 5,626,000 | 4,891,000 | 4,894,000 | 4,897,000 | 5,120,000 | 4,138,000 | 4,156,000 | 4,091,000 | 4,135,000 | 4,140,000 |
| Total assets | US$ in thousands | 7,739,000 | 7,096,000 | 7,149,000 | 7,196,000 | 7,556,000 | 7,967,000 | 7,867,000 | 8,611,000 | 8,944,000 | 9,145,000 | 9,375,000 | 8,613,000 | 8,675,000 | 8,604,000 | 8,986,000 | 8,862,000 | 8,930,000 | 8,829,000 | 8,932,000 | 8,738,000 |
| Debt-to-assets ratio | 0.67 | 0.73 | 0.79 | 0.79 | 0.71 | 0.61 | 0.69 | 0.65 | 0.57 | 0.61 | 0.60 | 0.57 | 0.56 | 0.57 | 0.57 | 0.47 | 0.47 | 0.46 | 0.46 | 0.47 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,195,000K ÷ $7,739,000K
= 0.67
The debt-to-assets ratio of Seagate Technology PLC has exhibited fluctuations over the past few quarters. The ratio stood at 0.67 as of June 30, 2024, indicating that approximately 67% of the company's assets were financed through debt at that point in time. The trend shows an increase from the previous quarter (March 31, 2024) when the ratio was 0.73, suggesting that the company may have taken on more debt relative to its assets.
Looking further back, the ratio has shown variability, ranging from 0.46 to 0.79 over the past two years. The highest ratio observed was 0.79 in December 31, 2023, implying a higher proportion of debt relative to assets compared to other periods. Conversely, the lowest ratio of 0.46 was recorded multiple times, indicating a lower reliance on debt to fund the company's operations and investments.
Overall, the fluctuation in Seagate Technology PLC's debt-to-assets ratio suggests varying levels of leverage and financial risk over the analyzed periods. It is essential for stakeholders to closely monitor changes in this ratio to assess the company's ability to meet its debt obligations and manage its financial leverage effectively.
Peer comparison
Jun 30, 2024