SolarWinds Corp (SWI)

Debt-to-assets ratio

		Dec 31, 2024	Sep 30, 2024	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
Long-term debt	US$ in thousands	1,194,230	1,195,850	1,195,420	1,195,800	1,190,930	1,191,380	1,191,820	1,192,280	1,192,760	1,564,440	1,865,270	1,868,010	1,870,770	1,873,470	1,877,220	1,879,940	1,882,670	1,885,350	1,888,030	1,890,720
Total assets	US$ in thousands	3,168,290	3,118,420	3,058,690	3,238,660	3,250,920	3,177,670	3,180,430	3,191,450	3,200,010	3,478,510	4,078,560	4,761,750	4,792,130	4,834,810	5,594,020	5,594,510	5,710,480	5,450,000	5,349,210	5,289,030
Debt-to-assets ratio		0.38	0.38	0.39	0.37	0.37	0.37	0.37	0.37	0.37	0.45	0.46	0.39	0.39	0.39	0.34	0.34	0.33	0.35	0.35	0.36

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 been relatively stable over the past few years, ranging between 0.33 and 0.46. This ratio indicates that, on average, approximately 33% to 46% of the company's total assets are financed by debt.

It's worth noting that the ratio increased from 0.33 in December 31, 2020, to a high of 0.46 in June 30, 2022, before gradually decreasing to 0.38 by December 31, 2024. This pattern suggests some fluctuations in the company's debt levels relative to its total assets during this period.

Overall, a debt-to-assets ratio of less than 0.5 generally indicates that the company is not overly reliant on debt to fund its operations and investments. However, investors and creditors should continue monitoring this ratio to assess the company's financial leverage and risk profile.