Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Super Micro Computer Inc., solvency ratios
Based on: 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Super Micro Computer Inc. debt to equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Super Micro Computer Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Super Micro Computer Inc. debt to capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Super Micro Computer Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Super Micro Computer Inc. debt to assets ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Super Micro Computer Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Super Micro Computer Inc. financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Super Micro Computer Inc. interest coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Super Micro Computer Inc. fixed charge coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Equity
Super Micro Computer Inc., debt to equity calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt and current portion of long-term debt | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | 116,181) | |
| Long-term debt, net of current portion | 120,179) | 147,618) | 34,700) | 5,697) | —) | —) | |
| Total debt | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | 116,181) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | 843,495) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.15 | 0.42 | 0.09 | 0.03 | 0.03 | 0.14 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Apple Inc. | 1.80 | 2.39 | 1.99 | 1.73 | 1.19 | 1.07 | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.19 | 0.24 | 0.28 | 0.38 | 0.73 | 0.59 | |
| Debt to Equity, Sector | |||||||
| Technology Hardware & Equipment | 1.04 | 1.36 | 1.25 | 1.19 | 1.04 | — | |
| Debt to Equity, Industry | |||||||
| Information Technology | 0.63 | 0.67 | 0.77 | 0.88 | 0.88 | — | |
Based on: 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).
1 2023 Calculation
Debt to equity = Total debt ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 290,302 ÷ 1,972,005 = 0.15
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Super Micro Computer Inc. debt to equity ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Equity (including Operating Lease Liability)
Super Micro Computer Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt and current portion of long-term debt | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | 116,181) | |
| Long-term debt, net of current portion | 120,179) | 147,618) | 34,700) | 5,697) | —) | —) | |
| Total debt | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | 116,181) | |
| Operating lease liability, current (included in Accrued liabilities) | 7,756) | 7,139) | 6,322) | 6,310) | —) | —) | |
| Operating lease liability, non-current (included in Other long-term liabilities) | 11,404) | 16,661) | 14,539) | 18,102) | —) | —) | |
| Total debt (including operating lease liability) | 309,462) | 620,564) | 119,051) | 53,813) | 23,647) | 116,181) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | 843,495) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.16 | 0.44 | 0.11 | 0.05 | 0.03 | 0.14 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Apple Inc. | 1.99 | 2.61 | 2.16 | 1.87 | 1.19 | 1.07 | |
| Arista Networks Inc. | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | — | |
| Cisco Systems Inc. | 0.21 | 0.27 | 0.31 | 0.41 | 0.73 | 0.59 | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Technology Hardware & Equipment | 1.16 | 1.49 | 1.37 | 1.28 | 1.04 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.69 | 0.73 | 0.84 | 0.95 | 0.90 | — | |
Based on: 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).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 309,462 ÷ 1,972,005 = 0.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Super Micro Computer Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Capital
Super Micro Computer Inc., debt to capital calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt and current portion of long-term debt | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | 116,181) | |
| Long-term debt, net of current portion | 120,179) | 147,618) | 34,700) | 5,697) | —) | —) | |
| Total debt | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | 116,181) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | 843,495) | |
| Total capital | 2,262,307) | 2,022,339) | 1,194,415) | 1,094,941) | 964,662) | 959,676) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.13 | 0.30 | 0.08 | 0.03 | 0.02 | 0.12 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Apple Inc. | 0.64 | 0.70 | 0.67 | 0.63 | 0.54 | 0.52 | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.16 | 0.19 | 0.22 | 0.28 | 0.42 | 0.37 | |
| Debt to Capital, Sector | |||||||
| Technology Hardware & Equipment | 0.51 | 0.58 | 0.56 | 0.54 | 0.51 | — | |
| Debt to Capital, Industry | |||||||
| Information Technology | 0.38 | 0.40 | 0.43 | 0.47 | 0.47 | — | |
Based on: 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).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 290,302 ÷ 2,262,307 = 0.13
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Super Micro Computer Inc. debt to capital ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Capital (including Operating Lease Liability)
Super Micro Computer Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt and current portion of long-term debt | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | 116,181) | |
| Long-term debt, net of current portion | 120,179) | 147,618) | 34,700) | 5,697) | —) | —) | |
| Total debt | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | 116,181) | |
| Operating lease liability, current (included in Accrued liabilities) | 7,756) | 7,139) | 6,322) | 6,310) | —) | —) | |
| Operating lease liability, non-current (included in Other long-term liabilities) | 11,404) | 16,661) | 14,539) | 18,102) | —) | —) | |
| Total debt (including operating lease liability) | 309,462) | 620,564) | 119,051) | 53,813) | 23,647) | 116,181) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | 843,495) | |
| Total capital (including operating lease liability) | 2,281,467) | 2,046,139) | 1,215,276) | 1,119,353) | 964,662) | 959,676) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.14 | 0.30 | 0.10 | 0.05 | 0.02 | 0.12 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Apple Inc. | 0.67 | 0.72 | 0.68 | 0.65 | 0.54 | 0.52 | |
| Arista Networks Inc. | 0.01 | 0.01 | 0.02 | 0.03 | 0.03 | — | |
| Cisco Systems Inc. | 0.18 | 0.21 | 0.24 | 0.29 | 0.42 | 0.37 | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Technology Hardware & Equipment | 0.54 | 0.60 | 0.58 | 0.56 | 0.51 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.41 | 0.42 | 0.46 | 0.49 | 0.47 | — | |
Based on: 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).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 309,462 ÷ 2,281,467 = 0.14
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Super Micro Computer Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Assets
Super Micro Computer Inc., debt to assets calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt and current portion of long-term debt | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | 116,181) | |
| Long-term debt, net of current portion | 120,179) | 147,618) | 34,700) | 5,697) | —) | —) | |
| Total debt | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | 116,181) | |
| Total assets | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | 1,769,505) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.08 | 0.19 | 0.04 | 0.02 | 0.01 | 0.07 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Apple Inc. | 0.32 | 0.34 | 0.36 | 0.35 | 0.32 | 0.31 | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.08 | 0.10 | 0.12 | 0.15 | 0.25 | 0.24 | |
| Debt to Assets, Sector | |||||||
| Technology Hardware & Equipment | 0.26 | 0.29 | 0.30 | 0.30 | 0.30 | — | |
| Debt to Assets, Industry | |||||||
| Information Technology | 0.26 | 0.26 | 0.28 | 0.30 | 0.31 | — | |
Based on: 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).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 290,302 ÷ 3,674,729 = 0.08
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Super Micro Computer Inc. debt to assets ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Assets (including Operating Lease Liability)
Super Micro Computer Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Short-term debt and current portion of long-term debt | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | 116,181) | |
| Long-term debt, net of current portion | 120,179) | 147,618) | 34,700) | 5,697) | —) | —) | |
| Total debt | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | 116,181) | |
| Operating lease liability, current (included in Accrued liabilities) | 7,756) | 7,139) | 6,322) | 6,310) | —) | —) | |
| Operating lease liability, non-current (included in Other long-term liabilities) | 11,404) | 16,661) | 14,539) | 18,102) | —) | —) | |
| Total debt (including operating lease liability) | 309,462) | 620,564) | 119,051) | 53,813) | 23,647) | 116,181) | |
| Total assets | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | 1,769,505) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.08 | 0.19 | 0.05 | 0.03 | 0.01 | 0.07 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Apple Inc. | 0.35 | 0.38 | 0.39 | 0.38 | 0.32 | 0.31 | |
| Arista Networks Inc. | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | — | |
| Cisco Systems Inc. | 0.09 | 0.11 | 0.13 | 0.16 | 0.25 | 0.24 | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Technology Hardware & Equipment | 0.29 | 0.31 | 0.33 | 0.32 | 0.30 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.28 | 0.29 | 0.31 | 0.33 | 0.32 | — | |
Based on: 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).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 309,462 ÷ 3,674,729 = 0.08
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Super Micro Computer Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Financial Leverage
Super Micro Computer Inc., financial leverage calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | 1,769,505) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | 843,495) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 1.86 | 2.25 | 2.05 | 1.80 | 1.79 | 2.10 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Apple Inc. | 5.67 | 6.96 | 5.56 | 4.96 | 3.74 | 3.41 | |
| Arista Networks Inc. | 1.38 | 1.39 | 1.44 | 1.43 | 1.45 | — | |
| Cisco Systems Inc. | 2.30 | 2.36 | 2.36 | 2.50 | 2.91 | 2.52 | |
| Financial Leverage, Sector | |||||||
| Technology Hardware & Equipment | 4.05 | 4.72 | 4.17 | 3.95 | 3.46 | — | |
| Financial Leverage, Industry | |||||||
| Information Technology | 2.44 | 2.56 | 2.72 | 2.90 | 2.87 | — | |
Based on: 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).
1 2023 Calculation
Financial leverage = Total assets ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 3,674,729 ÷ 1,972,005 = 1.86
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Super Micro Computer Inc. financial leverage ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |
Interest Coverage
Super Micro Computer Inc., interest coverage calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 639,998) | 285,163) | 111,865) | 84,308) | 71,918) | 46,165) | |
| Add: Income tax expense | 110,666) | 52,876) | 6,936) | 2,922) | 14,884) | 38,443) | |
| Add: Interest expense | 10,491) | 6,413) | 2,485) | 2,236) | 6,690) | 5,726) | |
| Earnings before interest and tax (EBIT) | 761,155) | 344,452) | 121,286) | 89,466) | 93,492) | 90,334) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 72.55 | 53.71 | 48.81 | 40.01 | 13.97 | 15.78 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Apple Inc. | 29.92 | 41.64 | 42.29 | 24.35 | 19.38 | 23.50 | |
| Arista Networks Inc. | — | — | — | — | — | — | |
| Cisco Systems Inc. | 36.87 | 41.21 | 31.56 | 24.88 | 17.96 | 14.83 | |
| Interest Coverage, Sector | |||||||
| Technology Hardware & Equipment | 31.25 | 42.09 | 41.08 | 24.67 | 19.29 | — | |
| Interest Coverage, Industry | |||||||
| Information Technology | 18.91 | 24.76 | 22.93 | 16.69 | 15.79 | — | |
Based on: 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).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 761,155 ÷ 10,491 = 72.55
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Super Micro Computer Inc. interest coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |
Fixed Charge Coverage
Super Micro Computer Inc., fixed charge coverage calculation, comparison to benchmarks
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | Jun 30, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 639,998) | 285,163) | 111,865) | 84,308) | 71,918) | 46,165) | |
| Add: Income tax expense | 110,666) | 52,876) | 6,936) | 2,922) | 14,884) | 38,443) | |
| Add: Interest expense | 10,491) | 6,413) | 2,485) | 2,236) | 6,690) | 5,726) | |
| Earnings before interest and tax (EBIT) | 761,155) | 344,452) | 121,286) | 89,466) | 93,492) | 90,334) | |
| Add: Operating lease expense | 8,299) | 8,265) | 7,827) | 6,993) | 6,700) | 5,900) | |
| Earnings before fixed charges and tax | 769,454) | 352,717) | 129,113) | 96,459) | 100,192) | 96,234) | |
| Interest expense | 10,491) | 6,413) | 2,485) | 2,236) | 6,690) | 5,726) | |
| Operating lease expense | 8,299) | 8,265) | 7,827) | 6,993) | 6,700) | 5,900) | |
| Fixed charges | 18,790) | 14,678) | 10,312) | 9,229) | 13,390) | 11,626) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 40.95 | 24.03 | 12.52 | 10.45 | 7.48 | 8.28 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Apple Inc. | 28.52 | 25.65 | 26.13 | 16.34 | 14.48 | 17.42 | |
| Arista Networks Inc. | 73.83 | 49.20 | 31.02 | 24.95 | 30.94 | — | |
| Cisco Systems Inc. | 18.98 | 20.30 | 16.92 | 14.79 | 12.28 | 10.41 | |
| Fixed Charge Coverage, Sector | |||||||
| Technology Hardware & Equipment | 27.25 | 25.07 | 24.67 | 16.09 | 14.08 | — | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | 12.67 | 14.28 | 13.50 | 10.20 | 10.46 | — | |
Based on: 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).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 769,454 ÷ 18,790 = 40.95
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Super Micro Computer Inc. fixed charge coverage ratio improved from 2021 to 2022 and from 2022 to 2023. |