Stock Analysis on Net

SolarEdge Technologies Inc. (NASDAQ:SEDG)

This company has been moved to the archive! The financial data has not been updated since February 22, 2023.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

SolarEdge Technologies Inc., solvency ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Debt Ratios
Debt to equity 0.31 0.33 0.33 0.34 0.51 0.52 0.55 0.59 0.55 0.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to equity (including operating lease liability) 0.33 0.35 0.35 0.36 0.54 0.55 0.57 0.62 0.58 0.58 0.03 0.04 0.04 0.04 0.04 0.04 0.00 0.00 0.00 0.00
Debt to capital 0.24 0.25 0.25 0.25 0.34 0.34 0.35 0.37 0.36 0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to capital (including operating lease liability) 0.25 0.26 0.26 0.26 0.35 0.35 0.36 0.38 0.37 0.37 0.03 0.03 0.04 0.04 0.04 0.04 0.00 0.00 0.00 0.00
Debt to assets 0.16 0.17 0.18 0.18 0.23 0.24 0.25 0.26 0.25 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to assets (including operating lease liability) 0.17 0.18 0.19 0.20 0.24 0.26 0.26 0.27 0.26 0.26 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00
Financial leverage 1.96 1.90 1.86 1.83 2.21 2.14 2.18 2.24 2.24 2.21 1.74 1.75 1.84 1.83 1.81 1.88 1.71 1.58 1.62 1.66

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. SolarEdge Technologies Inc. debt to equity ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. SolarEdge Technologies Inc. debt to equity ratio (including operating lease liability) improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. SolarEdge Technologies Inc. debt to capital ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. SolarEdge Technologies Inc. debt to capital ratio (including operating lease liability) improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. SolarEdge Technologies Inc. debt to assets ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. SolarEdge Technologies Inc. debt to assets ratio (including operating lease liability) improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. SolarEdge Technologies Inc. financial leverage ratio increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Debt to Equity

SolarEdge Technologies Inc., debt to equity calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Convertible senior notes, net 624,451 623,721 622,991 622,263 621,535 620,808 620,082 619,357 573,350 570,332
Long-term finance lease liabilities 45,385 45,509 46,680 53,405 40,508 25,375 25,525 24,918 26,173
Total debt 669,836 669,230 669,671 675,668 662,043 646,183 645,607 644,275 599,523 570,332
 
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 2,052,127 2,027,532 2,010,525 1,310,039 1,242,083 1,177,793 1,099,924 1,085,757 1,032,037 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Solvency Ratio
Debt to equity1 0.31 0.33 0.33 0.34 0.51 0.52 0.55 0.59 0.55 0.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Equity, Competitors2
Advanced Micro Devices Inc. 0.05 0.05 0.05 0.03 0.04 0.04 0.04 0.05 0.06 0.10 0.21 0.16 0.17 0.40 0.54 0.61
Analog Devices Inc. 0.18 0.17 0.17 0.17 0.18 0.42 0.42 0.43 0.43 0.47 0.48 0.47 0.47 0.48 0.51 0.54 0.58 0.60 0.66 0.72
Applied Materials Inc. 0.45 0.45 0.47 0.46 0.45 0.45 0.45 0.47 0.52 0.57 0.76 0.61 0.65 0.65 0.65 0.65 0.78 0.78 0.75 0.62
Broadcom Inc. 1.74 1.89 1.88 1.72 1.59 1.66 1.69 1.75 1.72 1.87 1.92 1.84 1.32 1.75 1.69 1.62 0.66 0.64 0.55 0.68
First Solar Inc. 0.03 0.04 0.03 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.09 0.09 0.09 0.09 0.09 0.11
Intel Corp. 0.41 0.40 0.35 0.36 0.40 0.45 0.42 0.45 0.45 0.49 0.47 0.52 0.37 0.39 0.38 0.39
KLA Corp. 4.75 0.91 0.85 0.89 1.02 1.11 1.18 1.25 1.30 1.49 1.27 1.29 1.29 1.20 1.40 1.43
Lam Research Corp. 0.80 0.83 0.77 0.86 0.83 1.08 1.06 1.08 1.12 1.12 1.01 0.90 0.96 0.90 0.35 0.44
Micron Technology Inc. 0.14 0.14 0.15 0.15 0.15 0.16 0.16 0.17 0.17 0.18 0.15 0.15 0.16 0.14 0.18 0.12
NVIDIA Corp. 0.41 0.46 0.56 0.37 0.41 0.45 0.50 0.53 0.16 0.18 0.19 0.20 0.21 0.21 0.23 0.26
Qualcomm Inc. 0.86 0.97 1.18 1.39 1.58 1.92 2.12 2.13 2.59 4.82 5.24 3.53 3.25 3.01 4.24 4.53
Texas Instruments Inc. 0.60 0.55 0.51 0.55 0.58 0.64 0.56 0.61 0.74 0.82 0.89 0.85 0.65 0.65 0.68 0.68

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Debt to equity = Total debt ÷ Total SolarEdge Technologies, Inc. stockholders’ equity
= 669,836 ÷ 2,176,366 = 0.31

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. SolarEdge Technologies Inc. debt to equity ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Debt to Equity (including Operating Lease Liability)

SolarEdge Technologies Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Convertible senior notes, net 624,451 623,721 622,991 622,263 621,535 620,808 620,082 619,357 573,350 570,332
Long-term finance lease liabilities 45,385 45,509 46,680 53,405 40,508 25,375 25,525 24,918 26,173
Total debt 669,836 669,230 669,671 675,668 662,043 646,183 645,607 644,275 599,523 570,332
Long-term operating lease liabilities 46,256 46,398 42,849 48,480 38,912 31,509 31,153 32,667 35,194 29,442 29,991 30,336 30,213 29,117 30,009 24,790
Total debt (including operating lease liability) 716,092 715,628 712,520 724,148 700,955 677,692 676,760 676,942 634,717 599,774 29,991 30,336 30,213 29,117 30,009 24,790
 
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 2,052,127 2,027,532 2,010,525 1,310,039 1,242,083 1,177,793 1,099,924 1,085,757 1,032,037 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Solvency Ratio
Debt to equity (including operating lease liability)1 0.33 0.35 0.35 0.36 0.54 0.55 0.57 0.62 0.58 0.58 0.03 0.04 0.04 0.04 0.04 0.04 0.00 0.00 0.00 0.00
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.05 0.05 0.06 0.04 0.09 0.08 0.08 0.09 0.09 0.15 0.27 0.23 0.24 0.49 0.65 0.73
Micron Technology Inc. 0.15 0.15 0.16 0.16 0.17 0.17 0.18 0.18 0.18 0.19 0.16 0.17 0.16 0.14 0.18 0.12
NVIDIA Corp. 0.44 0.49 0.60 0.40 0.45 0.49 0.54 0.57 0.21 0.22 0.24 0.25 0.21 0.21 0.23 0.26

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total SolarEdge Technologies, Inc. stockholders’ equity
= 716,092 ÷ 2,176,366 = 0.33

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. SolarEdge Technologies Inc. debt to equity ratio (including operating lease liability) improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Debt to Capital

SolarEdge Technologies Inc., debt to capital calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Convertible senior notes, net 624,451 623,721 622,991 622,263 621,535 620,808 620,082 619,357 573,350 570,332
Long-term finance lease liabilities 45,385 45,509 46,680 53,405 40,508 25,375 25,525 24,918 26,173
Total debt 669,836 669,230 669,671 675,668 662,043 646,183 645,607 644,275 599,523 570,332
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 2,052,127 2,027,532 2,010,525 1,310,039 1,242,083 1,177,793 1,099,924 1,085,757 1,032,037 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Total capital 2,846,202 2,721,357 2,697,203 2,686,193 1,972,082 1,888,266 1,823,400 1,744,199 1,685,280 1,602,369 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Solvency Ratio
Debt to capital1 0.24 0.25 0.25 0.25 0.34 0.34 0.35 0.37 0.36 0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Capital, Competitors2
Advanced Micro Devices Inc. 0.04 0.04 0.05 0.03 0.04 0.04 0.04 0.05 0.05 0.09 0.17 0.14 0.15 0.29 0.35 0.38
Analog Devices Inc. 0.15 0.15 0.14 0.14 0.15 0.30 0.30 0.30 0.30 0.32 0.33 0.32 0.32 0.33 0.34 0.35 0.37 0.38 0.40 0.42
Applied Materials Inc. 0.31 0.31 0.32 0.31 0.31 0.31 0.31 0.32 0.34 0.36 0.43 0.38 0.39 0.40 0.39 0.39 0.44 0.44 0.43 0.38
Broadcom Inc. 0.64 0.65 0.65 0.63 0.61 0.62 0.63 0.64 0.63 0.65 0.66 0.65 0.57 0.64 0.63 0.62 0.40 0.39 0.35 0.40
First Solar Inc. 0.03 0.04 0.03 0.04 0.04 0.05 0.05 0.04 0.05 0.05 0.08 0.08 0.08 0.08 0.09 0.10
Intel Corp. 0.29 0.28 0.26 0.27 0.29 0.31 0.29 0.31 0.31 0.33 0.32 0.34 0.27 0.28 0.28 0.28
KLA Corp. 0.83 0.48 0.46 0.47 0.50 0.52 0.54 0.55 0.57 0.60 0.56 0.56 0.56 0.55 0.58 0.59
Lam Research Corp. 0.44 0.45 0.44 0.46 0.45 0.52 0.51 0.52 0.53 0.53 0.50 0.47 0.49 0.47 0.26 0.31
Micron Technology Inc. 0.12 0.12 0.13 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.13 0.13 0.14 0.12 0.15 0.11
NVIDIA Corp. 0.29 0.32 0.36 0.27 0.29 0.31 0.33 0.35 0.14 0.15 0.16 0.17 0.18 0.17 0.19 0.21
Qualcomm Inc. 0.46 0.49 0.54 0.58 0.61 0.66 0.68 0.68 0.72 0.83 0.84 0.78 0.76 0.75 0.81 0.82
Texas Instruments Inc. 0.37 0.35 0.34 0.36 0.37 0.39 0.36 0.38 0.43 0.45 0.47 0.46 0.39 0.39 0.41 0.41

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 669,836 ÷ 2,846,202 = 0.24

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. SolarEdge Technologies Inc. debt to capital ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Debt to Capital (including Operating Lease Liability)

SolarEdge Technologies Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Convertible senior notes, net 624,451 623,721 622,991 622,263 621,535 620,808 620,082 619,357 573,350 570,332
Long-term finance lease liabilities 45,385 45,509 46,680 53,405 40,508 25,375 25,525 24,918 26,173
Total debt 669,836 669,230 669,671 675,668 662,043 646,183 645,607 644,275 599,523 570,332
Long-term operating lease liabilities 46,256 46,398 42,849 48,480 38,912 31,509 31,153 32,667 35,194 29,442 29,991 30,336 30,213 29,117 30,009 24,790
Total debt (including operating lease liability) 716,092 715,628 712,520 724,148 700,955 677,692 676,760 676,942 634,717 599,774 29,991 30,336 30,213 29,117 30,009 24,790
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 2,052,127 2,027,532 2,010,525 1,310,039 1,242,083 1,177,793 1,099,924 1,085,757 1,032,037 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Total capital (including operating lease liability) 2,892,458 2,767,755 2,740,052 2,734,673 2,010,994 1,919,775 1,854,553 1,776,866 1,720,474 1,631,811 954,792 896,754 841,883 761,129 704,080 651,109 562,408 538,963 484,891 440,211
Solvency Ratio
Debt to capital (including operating lease liability)1 0.25 0.26 0.26 0.26 0.35 0.35 0.36 0.38 0.37 0.37 0.03 0.03 0.04 0.04 0.04 0.04 0.00 0.00 0.00 0.00
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.05 0.05 0.05 0.04 0.08 0.08 0.07 0.08 0.08 0.13 0.21 0.19 0.20 0.33 0.40 0.42
Micron Technology Inc. 0.13 0.13 0.14 0.14 0.14 0.15 0.15 0.15 0.16 0.16 0.14 0.14 0.14 0.12 0.15 0.11
NVIDIA Corp. 0.31 0.33 0.37 0.29 0.31 0.33 0.35 0.36 0.17 0.18 0.19 0.20 0.18 0.17 0.19 0.21

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 716,092 ÷ 2,892,458 = 0.25

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. SolarEdge Technologies Inc. debt to capital ratio (including operating lease liability) improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Debt to Assets

SolarEdge Technologies Inc., debt to assets calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Convertible senior notes, net 624,451 623,721 622,991 622,263 621,535 620,808 620,082 619,357 573,350 570,332
Long-term finance lease liabilities 45,385 45,509 46,680 53,405 40,508 25,375 25,525 24,918 26,173
Total debt 669,836 669,230 669,671 675,668 662,043 646,183 645,607 644,275 599,523 570,332
 
Total assets 4,265,949 3,903,546 3,772,778 3,682,915 2,892,060 2,656,833 2,564,325 2,464,595 2,437,109 2,278,296 1,605,826 1,513,840 1,494,624 1,337,592 1,221,694 1,176,923 964,472 852,178 783,230 731,561
Solvency Ratio
Debt to assets1 0.16 0.17 0.18 0.18 0.23 0.24 0.25 0.26 0.25 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Assets, Competitors2
Advanced Micro Devices Inc. 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.04 0.05 0.10 0.08 0.08 0.17 0.20 0.22
Analog Devices Inc. 0.13 0.12 0.12 0.12 0.13 0.24 0.24 0.24 0.24 0.26 0.26 0.26 0.26 0.26 0.27 0.29 0.31 0.32 0.34 0.36
Applied Materials Inc. 0.20 0.21 0.21 0.21 0.21 0.22 0.23 0.23 0.24 0.26 0.31 0.27 0.28 0.28 0.28 0.28 0.30 0.30 0.29 0.27
Broadcom Inc. 0.54 0.55 0.55 0.54 0.53 0.53 0.54 0.54 0.54 0.56 0.56 0.55 0.49 0.54 0.53 0.52 0.35 0.35 0.32 0.32
First Solar Inc. 0.02 0.03 0.02 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.07 0.07 0.06 0.07 0.07 0.08
Intel Corp. 0.23 0.23 0.21 0.21 0.23 0.24 0.23 0.24 0.24 0.25 0.25 0.27 0.21 0.22 0.22 0.22
KLA Corp. 0.53 0.31 0.29 0.31 0.34 0.35 0.35 0.37 0.37 0.39 0.37 0.37 0.38 0.37 0.40 0.40
Lam Research Corp. 0.29 0.30 0.30 0.32 0.31 0.38 0.38 0.39 0.40 0.39 0.37 0.36 0.37 0.37 0.19 0.21
Micron Technology Inc. 0.10 0.11 0.11 0.11 0.12 0.12 0.12 0.12 0.12 0.13 0.11 0.11 0.12 0.11 0.13 0.09
NVIDIA Corp. 0.25 0.27 0.31 0.23 0.24 0.26 0.28 0.30 0.11 0.13 0.13 0.14 0.15 0.15 0.16 0.17
Qualcomm Inc. 0.32 0.33 0.35 0.37 0.38 0.41 0.42 0.42 0.44 0.49 0.50 0.48 0.48 0.48 0.48 0.48
Texas Instruments Inc. 0.32 0.30 0.29 0.31 0.31 0.33 0.30 0.32 0.35 0.37 0.39 0.38 0.32 0.32 0.33 0.33

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 669,836 ÷ 4,265,949 = 0.16

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. SolarEdge Technologies Inc. debt to assets ratio improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Debt to Assets (including Operating Lease Liability)

SolarEdge Technologies Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Convertible senior notes, net 624,451 623,721 622,991 622,263 621,535 620,808 620,082 619,357 573,350 570,332
Long-term finance lease liabilities 45,385 45,509 46,680 53,405 40,508 25,375 25,525 24,918 26,173
Total debt 669,836 669,230 669,671 675,668 662,043 646,183 645,607 644,275 599,523 570,332
Long-term operating lease liabilities 46,256 46,398 42,849 48,480 38,912 31,509 31,153 32,667 35,194 29,442 29,991 30,336 30,213 29,117 30,009 24,790
Total debt (including operating lease liability) 716,092 715,628 712,520 724,148 700,955 677,692 676,760 676,942 634,717 599,774 29,991 30,336 30,213 29,117 30,009 24,790
 
Total assets 4,265,949 3,903,546 3,772,778 3,682,915 2,892,060 2,656,833 2,564,325 2,464,595 2,437,109 2,278,296 1,605,826 1,513,840 1,494,624 1,337,592 1,221,694 1,176,923 964,472 852,178 783,230 731,561
Solvency Ratio
Debt to assets (including operating lease liability)1 0.17 0.18 0.19 0.20 0.24 0.26 0.26 0.27 0.26 0.26 0.02 0.02 0.02 0.02 0.02 0.02 0.00 0.00 0.00 0.00
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.04 0.04 0.05 0.03 0.05 0.05 0.05 0.05 0.06 0.08 0.14 0.12 0.11 0.20 0.24 0.27
Micron Technology Inc. 0.11 0.12 0.12 0.12 0.12 0.13 0.13 0.13 0.13 0.14 0.12 0.12 0.12 0.11 0.13 0.09
NVIDIA Corp. 0.26 0.29 0.33 0.25 0.26 0.28 0.30 0.32 0.15 0.16 0.17 0.18 0.15 0.15 0.16 0.17

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 716,092 ÷ 4,265,949 = 0.17

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. SolarEdge Technologies Inc. debt to assets ratio (including operating lease liability) improved from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.

Financial Leverage

SolarEdge Technologies Inc., financial leverage calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Total assets 4,265,949 3,903,546 3,772,778 3,682,915 2,892,060 2,656,833 2,564,325 2,464,595 2,437,109 2,278,296 1,605,826 1,513,840 1,494,624 1,337,592 1,221,694 1,176,923 964,472 852,178 783,230 731,561
Total SolarEdge Technologies, Inc. stockholders’ equity 2,176,366 2,052,127 2,027,532 2,010,525 1,310,039 1,242,083 1,177,793 1,099,924 1,085,757 1,032,037 924,801 866,418 811,670 732,012 674,071 626,319 562,408 538,963 484,891 440,211
Solvency Ratio
Financial leverage1 1.96 1.90 1.86 1.83 2.21 2.14 2.18 2.24 2.24 2.21 1.74 1.75 1.84 1.83 1.81 1.88 1.71 1.58 1.62 1.66
Benchmarks
Financial Leverage, Competitors2
Advanced Micro Devices Inc. 1.23 1.24 1.22 1.21 1.66 1.56 1.51 1.55 1.54 1.82 1.99 1.93 2.13 2.41 2.68 2.76
Analog Devices Inc. 1.38 1.37 1.37 1.37 1.38 1.76 1.77 1.77 1.79 1.83 1.84 1.83 1.83 1.83 1.85 1.88 1.86 1.89 1.96 2.02
Applied Materials Inc. 2.19 2.17 2.20 2.14 2.11 2.03 2.01 2.03 2.11 2.21 2.42 2.28 2.32 2.32 2.29 2.31 2.60 2.62 2.63 2.31
Broadcom Inc. 3.23 3.42 3.42 3.19 3.03 3.12 3.15 3.21 3.18 3.37 3.41 3.32 2.71 3.24 3.20 3.10 1.88 1.83 1.71 2.11
First Solar Inc. 1.41 1.29 1.26 1.26 1.24 1.25 1.25 1.25 1.29 1.29 1.35 1.34 1.47 1.36 1.39 1.41
Intel Corp. 1.80 1.75 1.68 1.71 1.77 1.86 1.81 1.89 1.89 1.95 1.86 1.93 1.76 1.80 1.74 1.76
KLA Corp. 8.99 2.95 2.89 2.89 3.04 3.19 3.34 3.39 3.48 3.83 3.46 3.47 3.39 3.22 3.51 3.60
Lam Research Corp. 2.74 2.75 2.58 2.67 2.64 2.85 2.79 2.78 2.81 2.85 2.72 2.50 2.57 2.44 1.86 2.06
Micron Technology Inc. 1.33 1.32 1.33 1.33 1.34 1.32 1.33 1.35 1.38 1.38 1.34 1.36 1.36 1.31 1.37 1.32
NVIDIA Corp. 1.66 1.71 1.83 1.64 1.70 1.75 1.81 1.78 1.42 1.41 1.43 1.44 1.42 1.44 1.46 1.49
Qualcomm Inc. 2.72 2.93 3.32 3.78 4.14 4.74 5.01 5.08 5.86 9.78 10.49 7.34 6.71 6.25 8.80 9.47
Texas Instruments Inc. 1.87 1.80 1.75 1.80 1.85 1.92 1.85 1.93 2.11 2.19 2.28 2.23 2.02 2.00 2.05 2.05

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q4 2022 Calculation
Financial leverage = Total assets ÷ Total SolarEdge Technologies, Inc. stockholders’ equity
= 4,265,949 ÷ 2,176,366 = 1.96

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. SolarEdge Technologies Inc. financial leverage ratio increased from Q2 2022 to Q3 2022 and from Q3 2022 to Q4 2022.