SolarWinds Corp (SWI)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,400,710	1,364,360	1,305,310	1,285,120	1,442,040	1,394,950	1,398,660	1,385,800	1,369,650	1,300,460	1,617,810	2,277,380	2,287,900	2,322,500	2,971,710	2,950,170	3,010,690	2,782,430	2,685,710	2,632,360
Debt-to-equity ratio		0.85	0.88	0.92	0.93	0.83	0.85	0.85	0.86	0.87	1.20	1.15	0.82	0.82	0.81	0.63	0.64	0.63	0.68	0.70	0.72

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $1,194,230K ÷ $1,400,710K
= 0.85

The debt-to-equity ratio of SolarWinds Corp has shown fluctuation over the period from March 31, 2020, to December 31, 2024. Starting at 0.72 in March 2020, the ratio decreased gradually to 0.63 by June 2021, indicating a lower level of debt relative to equity. However, from September 2021 to June 2022, there was a significant increase in the ratio to 1.15, reaching a peak at 1.20 by September 2022 before declining to 0.85 by December 2024.

Overall, SolarWinds Corp experienced variations in its debt-to-equity ratio over the analyzed period. The peak values in 2022 may indicate increased debt levels or decreased equity, which could pose potential risks or constraints on the company's financial stability. It is essential for investors and stakeholders to monitor these changes to assess the company's financial health and risk profile accurately.