SolarWinds Corp (SWI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,190,930 | 1,192,760 | 1,870,770 | 1,882,670 | 1,893,410 |
| Total assets | US$ in thousands | 3,250,920 | 3,200,010 | 4,792,130 | 5,710,480 | 5,310,740 |
| Debt-to-assets ratio | 0.37 | 0.37 | 0.39 | 0.33 | 0.36 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,190,930K ÷ $3,250,920K
= 0.37
The debt-to-assets ratio of SolarWinds Corp has remained relatively stable over the past five years, fluctuating between 0.33 and 0.39. This ratio indicates that, on average, the company finances approximately 37% of its assets through debt, with the remaining 63% funded by equity. The consistency in the debt-to-assets ratio suggests that SolarWinds Corp has maintained a balanced approach to capital structure, not overly relying on debt or equity financing. However, it is important to continue monitoring this ratio to ensure the company's financial health and sustainability in managing its debt levels relative to its asset base.
Peer comparison
Dec 31, 2023