Seagate Technology PLC (STX)
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 | 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 stockholders’ equity | US$ in thousands | -1,491,000 | -1,889,000 | -1,814,000 | -1,702,000 | -1,199,000 | -1,004,000 | -470,000 | -351,000 | 109,000 | 421,000 | 526,000 | 601,000 | 631,000 | 484,000 | 990,000 | 1,821,000 | 1,787,000 | 1,792,000 | 1,830,000 | 1,770,000 |
| Debt-to-equity ratio | — | — | — | — | — | — | — | — | 46.44 | 13.33 | 10.70 | 8.14 | 7.76 | 10.12 | 5.17 | 2.27 | 2.33 | 2.28 | 2.26 | 2.34 |
June 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,195,000K ÷ $-1,491,000K
= —
The debt-to-equity ratio of Seagate Technology PLC has shown a varying trend over the past few quarters. The ratio was not available for the most recent quarter of June 30, 2024. However, looking back, we can observe that the company's debt-to-equity ratio was 46.44 as of June 30, 2022, indicating a relatively high level of debt compared to equity at that point in time.
Subsequently, there was a significant decrease in the ratio to 13.33 as of March 31, 2022, followed by a further decline to 10.70 by the end of December 31, 2022. This reduction signifies a decrease in the company's reliance on debt financing compared to shareholder equity.
By September 30, 2023, the debt-to-equity ratio further decreased to 8.14, indicating a more balanced capital structure. The ratio continued to decline to 7.76 by the end of December 31, 2023, and then increased slightly to 10.12 as of March 31, 2023.
Overall, the trend in Seagate Technology PLC's debt-to-equity ratio shows a significant reduction in leverage levels from June 30, 2022, to September 30, 2023. This reduction suggests that the company may be managing its debt levels effectively and potentially improving its financial stability. However, the slight increase in the ratio by the end of the observed period indicates a need for continued monitoring of the company's debt management practices.
Peer comparison
Jun 30, 2024