Debt to Equity
since 2007
Calculation
Super Micro Computer Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Lines of credit, term loans, and convertible notes1 | ÷ | Total Super Micro Computer, Inc. stockholders’ equity1 | |
|---|---|---|---|---|---|
| Jun 30, 2026 | 0.60 | = | 8,720,287) | ÷ | 14,479,452) |
| Jun 30, 2025 | 0.75 | = | 4,757,653) | ÷ | 6,301,693) |
| Jun 30, 2024 | 0.40 | = | 2,174,145) | ÷ | 5,417,206) |
| Jun 30, 2023 | 0.15 | = | 290,302) | ÷ | 1,972,005) |
| Jun 30, 2022 | 0.42 | = | 596,764) | ÷ | 1,425,575) |
| Jun 30, 2021 | 0.09 | = | 98,190) | ÷ | 1,096,225) |
| Jun 30, 2020 | 0.03 | = | 29,401) | ÷ | 1,065,540) |
| Jun 30, 2019 | 0.03 | = | 23,647) | ÷ | 941,015) |
| Jun 30, 2018 | 0.14 | = | 116,181) | ÷ | 843,495) |
| Jun 30, 2017 | 0.21 | = | 161,447) | ÷ | 773,676) |
| Jun 30, 2016 | 0.13 | = | 93,589) | ÷ | 721,195) |
| Jun 30, 2015 | 0.15 | = | 94,412) | ÷ | 618,921) |
| Jun 30, 2014 | 0.10 | = | 46,287) | ÷ | 469,056) |
| Jun 30, 2013 | 0.09 | = | 35,171) | ÷ | 373,543) |
| Jun 30, 2012 | 0.10 | = | 32,757) | ÷ | 338,351) |
| Jun 30, 2011 | 0.10 | = | 28,151) | ÷ | 287,257) |
| Jun 30, 2010 | 0.08 | = | 18,553) | ÷ | 224,701) |
| Jun 30, 2009 | 0.06 | = | 9,994) | ÷ | 178,622) |
| Jun 30, 2008 | 0.07 | = | 10,301) | ÷ | 151,871) |
| Jun 30, 2007 | 0.10 | = | 11,555) | ÷ | 115,872) |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
1 US$ in thousands
The capital structure of the organization has evolved from a highly conservative, low-leverage position to a more aggressive financing strategy characterized by significant increases in both total debt and stockholders' equity. From 2007 through 2021, the company maintained a low debt-to-equity ratio, generally remaining below 0.25, indicating a reliance on internal funding and equity over borrowed capital.
- Conservative Leverage Period (2007–2018)
- During this timeframe, debt levels remained relatively low, fluctuating between 11.5 million and 161.4 million US dollars. Stockholders' equity grew consistently from 115.8 million to 843.4 million US dollars. Consequently, the debt-to-equity ratio remained stable, peaking briefly at 0.21 in 2017 before returning to lower levels.
- Deleveraging and Stability (2019–2021)
- A notable reduction in leverage occurred between 2019 and 2020, with the debt-to-equity ratio dropping to its lowest historical points of 0.03. This period was marked by a significant reduction in lines of credit and convertible notes, which fell to 23.6 million US dollars in 2019, while equity continued its upward trajectory, surpassing 1 billion US dollars.
- Accelerated Expansion and Increased Leverage (2022–2026)
- Starting in 2022, there is a sharp escalation in the scale of the balance sheet. Debt increased exponentially from 596.7 million US dollars in 2022 to a projected 8.72 billion US dollars by 2026. While stockholders' equity also expanded rapidly—reaching a projected 14.47 billion US dollars—the pace of debt accumulation resulted in a higher debt-to-equity ratio, peaking at 0.75 in 2025 before a slight correction to 0.60 in 2026.
The overall trend demonstrates a fundamental shift in financial strategy. The transition from a ratio of 0.10 in 2007 to 0.60 by 2026 reflects a strategic decision to utilize significantly more leverage to fuel growth, although the concurrent expansion of equity suggests that the company is maintaining a balanced approach to solvency despite the increased debt load.
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Comparison to Competitors
Super Micro Computer Inc., debt to equity, long-term trends, comparison to competitors
| Super Micro Computer Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | |
|---|---|---|---|---|---|---|
| Jun 30, 2026 | 0.60 | — | — | 0.59 | — | 0.35 |
| Jun 30, 2025 | 0.75 | 1.34 | 0.00 | 0.60 | — | 2.27 |
| Jun 30, 2024 | 0.40 | 1.87 | 0.00 | 0.68 | — | 2.61 |
| Jun 30, 2023 | 0.15 | 1.79 | 0.00 | 0.19 | — | 0.23 |
| Jun 30, 2022 | 0.42 | 2.37 | 0.00 | 0.24 | — | 1.00 |
| Jun 30, 2021 | 0.09 | 1.98 | 0.00 | 0.28 | 19.36 | 0.60 |
| Jun 30, 2020 | 0.03 | 1.72 | 0.00 | 0.38 | — | 0.64 |
| Jun 30, 2019 | 0.03 | 1.19 | 0.00 | 0.73 | — | 0.56 |
| Jun 30, 2018 | 0.14 | 1.07 | 0.02 | 0.59 | — | 0.36 |
| Jun 30, 2017 | 0.21 | 0.86 | 0.02 | 0.51 | — | 0.51 |
| Jun 30, 2016 | 0.13 | 0.68 | 0.04 | 0.45 | — | 0.00 |
| Jun 30, 2015 | 0.15 | 0.54 | 0.05 | 0.42 | — | 0.00 |
| Jun 30, 2014 | 0.10 | 0.32 | 0.08 | 0.37 | — | — |
| Jun 30, 2013 | 0.09 | 0.14 | — | 0.27 | — | — |
| Jun 30, 2012 | 0.10 | 0.00 | — | 0.32 | — | — |
| Jun 30, 2011 | 0.10 | 0.00 | — | 0.36 | — | — |
| Jun 30, 2010 | 0.08 | 0.00 | — | 0.35 | — | — |
| Jun 30, 2009 | 0.06 | 0.00 | — | 0.27 | — | — |
| Jun 30, 2008 | 0.07 | 0.00 | — | 0.20 | — | — |
| Jun 30, 2007 | 0.10 | 0.00 | — | 0.20 | — | — |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
Comparison to Sector (Technology Hardware & Equipment)
Super Micro Computer Inc., debt to equity, long-term trends, comparison to sector (technology hardware & equipment)
| Super Micro Computer Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Jun 30, 2026 | 0.60 | — |
| Jun 30, 2025 | 0.75 | 1.14 |
| Jun 30, 2024 | 0.40 | 1.45 |
| Jun 30, 2023 | 0.15 | 1.31 |
| Jun 30, 2022 | 0.42 | 1.64 |
| Jun 30, 2021 | 0.09 | 1.63 |
| Jun 30, 2020 | 0.03 | 1.67 |
| Jun 30, 2019 | 0.03 | 1.51 |
| Jun 30, 2018 | 0.14 | 0.91 |
| Jun 30, 2017 | 0.21 | 0.74 |
| Jun 30, 2016 | 0.13 | 0.60 |
| Jun 30, 2015 | 0.15 | 0.50 |
| Jun 30, 2014 | 0.10 | 0.33 |
| Jun 30, 2013 | 0.09 | 0.18 |
| Jun 30, 2012 | 0.10 | 0.10 |
| Jun 30, 2011 | 0.10 | 0.14 |
| Jun 30, 2010 | 0.08 | 0.17 |
| Jun 30, 2009 | 0.06 | 0.15 |
| Jun 30, 2008 | 0.07 | 0.12 |
| Jun 30, 2007 | 0.10 | 0.14 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).
Comparison to Industry (Information Technology)
Super Micro Computer Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Super Micro Computer Inc. | Information Technology | |
|---|---|---|
| Jun 30, 2026 | 0.60 | — |
| Jun 30, 2025 | 0.75 | 0.52 |
| Jun 30, 2024 | 0.40 | 0.61 |
| Jun 30, 2023 | 0.15 | 0.65 |
| Jun 30, 2022 | 0.42 | 0.70 |
| Jun 30, 2021 | 0.09 | 0.82 |
| Jun 30, 2020 | 0.03 | 0.95 |
| Jun 30, 2019 | 0.03 | 0.97 |
| Jun 30, 2018 | 0.14 | 0.82 |
| Jun 30, 2017 | 0.21 | 0.80 |
| Jun 30, 2016 | 0.13 | 0.65 |
| Jun 30, 2015 | 0.15 | 0.56 |
| Jun 30, 2014 | 0.10 | 0.38 |
| Jun 30, 2013 | 0.09 | 0.28 |
| Jun 30, 2012 | 0.10 | 0.24 |
| Jun 30, 2011 | 0.10 | 0.27 |
| Jun 30, 2010 | 0.08 | 0.24 |
| Jun 30, 2009 | 0.06 | 0.25 |
| Jun 30, 2008 | 0.07 | 0.28 |
| Jun 30, 2007 | 0.10 | 0.26 |
Based on: 10-K (reporting date: 2026-06-30), 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).