Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Debt to Equity
since 2007

Microsoft Excel

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Calculation

Super Micro Computer Inc., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 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 financial data exhibits several distinct trends in terms of the company's leverage and equity growth over the analyzed period.

Lines of credit, term loans, and convertible notes
The amount of debt represented by lines of credit, term loans, and convertible notes shows considerable volatility and a general upward trend over the years. Initial values hovered around $10 million to $11 million until 2009, followed by a significant increase beginning in 2010, reaching a peak exceeding $2.1 billion by June 2024. Notable spikes appear in 2013-2015 and again around 2022-2024, indicating periods of substantial borrowing or refinancing.
Total stockholders’ equity
Stockholders’ equity demonstrates consistent growth throughout the period, increasing from approximately $116 million in 2007 to over $5.4 billion by mid-2024. The growth trajectory is relatively steady with gradual acceleration, particularly after 2014, showing an expanding shareholder base and accumulated retained earnings. The increase in equity suggests ongoing profitability or equity issuances supporting the company’s capital structure expansion.
Debt to equity ratio
This ratio remains low and stable from 2007 through 2012, ranging between 0.06 and 0.10, indicating a conservative leverage position. From 2013 onwards, fluctuations occur with peaks around 2017 (0.21) and a significant rise in 2022 (0.42), before slightly declining to 0.40 in 2024. This reflects increasing reliance on debt financing in recent years, albeit still at moderate levels relative to equity. The notable increase in leverage around 2022 corresponds with the sharp increase in debt, possibly to finance expansion or large capital expenditures.

In summary, the company has progressively increased both its equity base and debt levels over the years. The equity growth indicates a strengthening financial foundation, while the rising debt and corresponding leverage from 2017 onward suggest a strategic shift towards greater use of borrowed funds. Despite this, the debt-to-equity ratio remains within prudent limits for most of the period, with a marked increase only in recent years, pointing towards a period of accelerated growth or investment activity backed by increased financial leverage.


Comparison to Competitors

Super Micro Computer Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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).