SolarWinds Corp (SWI)

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	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	1,893,410	1,896,060
Total assets	US$ in thousands	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	5,310,740	5,156,080
Debt-to-assets ratio		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	0.36	0.37

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,195,420K ÷ $3,058,690K
= 0.39

The debt-to-assets ratio for SolarWinds Corp has shown some fluctuations over the recent quarters. The ratio, which represents the proportion of the company's assets financed by debt, has ranged from 0.33 to 0.46 over the past 20 quarters.

Between Jun 30, 2022, and Sep 30, 2022, there was a significant increase in the debt-to-assets ratio from 0.39 to 0.45, indicating a higher level of debt relative to assets during that period.

Overall, the ratio has largely been within a narrow range of 0.34 to 0.46, suggesting that SolarWinds Corp has been maintaining a balance between debt and assets in its capital structure. It is important for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk profile.