Debt to Equity
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SolarEdge Technologies Inc. pages available for free this week:
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Return on Assets (ROA) since 2015
- Price to Earnings (P/E) since 2015
- Price to Operating Profit (P/OP) since 2015
- Price to Sales (P/S) since 2015
- Analysis of Debt
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Calculation
SolarEdge Technologies Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Convertible senior notes and finance lease liabilities1 | ÷ | Total SolarEdge Technologies, Inc. stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | = | ÷ | |||
| Dec 31, 2021 | = | ÷ | |||
| Dec 31, 2020 | = | ÷ | |||
| Dec 31, 2019 | = | ÷ | |||
| Dec 31, 2018 | = | ÷ | |||
| Dec 31, 2017 | = | ÷ | |||
| Jun 30, 2016 | = | ÷ | |||
| Jun 30, 2015 | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
1 US$ in thousands
- Stockholders' Equity Trend
- The total stockholders’ equity has demonstrated a consistent and significant upward trend over the period analyzed. Starting from approximately $166.9 million in mid-2015, it increased steadily each year, reaching about $2.18 billion by the end of 2022. This reflects sustained growth in the company's net assets and indicates a strong equity base expansion.
- Convertible Senior Notes and Finance Lease Liabilities
- Data on convertible senior notes and finance lease liabilities are not available for the years before 2020. From 2020 onward, a sharp increase is observed, from a relatively low $2.4 million in 2020 to approximately $670 million by the end of 2022. This suggests substantial new financing activities or lease obligations incurred by the company starting in 2020, potentially to support growth or capital expenditures.
- Debt to Equity Ratio
- The debt to equity ratio shows values only from 2019 onward. In 2019, the ratio was zero, indicating no reported debt relative to equity. It then rose to 0.55 in 2020 and slightly decreased to 0.51 in 2021, followed by a decline to 0.31 in 2022. This pattern suggests that the company took on debt beginning in 2020, but the relative leverage has declined recently, reflecting either growth in equity outpacing debt or a reduction in debt levels.
- Overall Financial Position
- The combination of increasing equity and a manageable debt to equity ratio points to a strengthening financial position. While the company has increased its debt financing substantially starting in 2020, equity growth has outpaced debt accumulation by 2022, which may indicate cautious and balanced capital structure management in recent periods.
Comparison to Competitors
SolarEdge Technologies Inc., debt to equity, long-term trends, comparison to competitors
| SolarEdge Technologies Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | ||||||||||||
| Dec 31, 2021 | ||||||||||||
| Dec 31, 2020 | ||||||||||||
| Dec 31, 2019 | ||||||||||||
| Dec 31, 2018 | ||||||||||||
| Dec 31, 2017 | ||||||||||||
| Jun 30, 2016 | ||||||||||||
| Jun 30, 2015 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
SolarEdge Technologies Inc., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| SolarEdge Technologies Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Jun 30, 2016 | ||
| Jun 30, 2015 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).
Comparison to Industry (Information Technology)
SolarEdge Technologies Inc., debt to equity, long-term trends, comparison to industry (information technology)
| SolarEdge Technologies Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Jun 30, 2016 | ||
| Jun 30, 2015 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30).