SolarWinds Corp (SWI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,194,230 | 1,190,930 | 1,192,760 | 1,870,770 | 1,882,670 |
| Total assets | US$ in thousands | 3,168,290 | 3,250,920 | 3,200,010 | 4,792,130 | 5,710,480 |
| Debt-to-assets ratio | 0.38 | 0.37 | 0.37 | 0.39 | 0.33 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,194,230K ÷ $3,168,290K
= 0.38
The debt-to-assets ratio of SolarWinds Corp has shown a slight upward trend over the past years, increasing from 0.33 at December 31, 2020, to 0.39 at December 31, 2021. However, the ratio remained relatively stable around 0.37 to 0.38 in the following years, indicating that the company is utilizing debt to finance its operations and investments at a moderate level compared to its total assets. This suggests that SolarWinds Corp has a reasonable balance between debt and assets, which may signify a healthy financial position and effective debt management. Further analysis considering industry benchmarks and trend comparisons could provide additional insights into the company's leverage and financial stability.
Peer comparison
Dec 31, 2024