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: 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).
| 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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 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) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 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) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Super Micro Computer Inc. debt to assets ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| 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) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Super Micro Computer Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024. |
| 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 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| 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 2022 to 2023 and from 2023 to 2024. |
Debt to Equity
Super Micro Computer Inc., debt to equity calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Lines of credit and current portion of term loans | 402,346) | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | |
| Term loans, non-current | 74,083) | 120,179) | 147,618) | 34,700) | 5,697) | —) | |
| Convertible notes | 1,697,716) | —) | —) | —) | —) | —) | |
| Total debt | 2,174,145) | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 5,417,206) | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | |
| Solvency Ratio | |||||||
| Debt to equity1 | 0.40 | 0.15 | 0.42 | 0.09 | 0.03 | 0.03 | |
| Benchmarks | |||||||
| Debt to Equity, Competitors2 | |||||||
| Apple Inc. | 1.89 | 1.80 | 2.39 | 1.99 | 1.73 | 1.19 | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.68 | 0.19 | 0.24 | 0.28 | 0.38 | 0.73 | |
| Dell Technologies Inc. | — | — | — | 19.36 | — | — | |
| Debt to Equity, Sector | |||||||
| Technology Hardware & Equipment | 1.44 | 1.34 | 1.66 | 1.65 | 1.69 | — | |
| Debt to Equity, Industry | |||||||
| Information Technology | 0.61 | 0.66 | 0.70 | 0.83 | 0.97 | — | |
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).
1 2024 Calculation
Debt to equity = Total debt ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 2,174,145 ÷ 5,417,206 = 0.40
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 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, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Lines of credit and current portion of term loans | 402,346) | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | |
| Term loans, non-current | 74,083) | 120,179) | 147,618) | 34,700) | 5,697) | —) | |
| Convertible notes | 1,697,716) | —) | —) | —) | —) | —) | |
| Total debt | 2,174,145) | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | |
| Operating lease liability, current (included in Accrued liabilities) | 9,248) | 7,756) | 7,139) | 6,322) | 6,310) | —) | |
| Operating lease liability, non-current (included in Other long-term liabilities) | 26,134) | 11,404) | 16,661) | 14,539) | 18,102) | —) | |
| Total debt (including operating lease liability) | 2,209,527) | 309,462) | 620,564) | 119,051) | 53,813) | 23,647) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 5,417,206) | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | |
| Solvency Ratio | |||||||
| Debt to equity (including operating lease liability)1 | 0.41 | 0.16 | 0.44 | 0.11 | 0.05 | 0.03 | |
| Benchmarks | |||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||
| Apple Inc. | 2.09 | 1.99 | 2.61 | 2.16 | 1.87 | 1.19 | |
| Arista Networks Inc. | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | — | |
| Cisco Systems Inc. | 0.71 | 0.21 | 0.27 | 0.31 | 0.41 | 0.73 | |
| Dell Technologies Inc. | — | — | — | 20.25 | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | |||||||
| Technology Hardware & Equipment | 1.56 | 1.46 | 1.81 | 1.78 | 1.81 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.67 | 0.72 | 0.77 | 0.90 | 1.04 | — | |
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).
1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 2,209,527 ÷ 5,417,206 = 0.41
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) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Debt to Capital
Super Micro Computer Inc., debt to capital calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Lines of credit and current portion of term loans | 402,346) | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | |
| Term loans, non-current | 74,083) | 120,179) | 147,618) | 34,700) | 5,697) | —) | |
| Convertible notes | 1,697,716) | —) | —) | —) | —) | —) | |
| Total debt | 2,174,145) | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 5,417,206) | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | |
| Total capital | 7,591,351) | 2,262,307) | 2,022,339) | 1,194,415) | 1,094,941) | 964,662) | |
| Solvency Ratio | |||||||
| Debt to capital1 | 0.29 | 0.13 | 0.30 | 0.08 | 0.03 | 0.02 | |
| Benchmarks | |||||||
| Debt to Capital, Competitors2 | |||||||
| Apple Inc. | 0.65 | 0.64 | 0.70 | 0.67 | 0.63 | 0.54 | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.41 | 0.16 | 0.19 | 0.22 | 0.28 | 0.42 | |
| Dell Technologies Inc. | 1.10 | 1.12 | 1.07 | 0.95 | 1.03 | — | |
| Debt to Capital, Sector | |||||||
| Technology Hardware & Equipment | 0.59 | 0.57 | 0.62 | 0.62 | 0.63 | — | |
| Debt to Capital, Industry | |||||||
| Information Technology | 0.38 | 0.40 | 0.41 | 0.45 | 0.49 | — | |
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).
1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,174,145 ÷ 7,591,351 = 0.29
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 improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 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, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Lines of credit and current portion of term loans | 402,346) | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | |
| Term loans, non-current | 74,083) | 120,179) | 147,618) | 34,700) | 5,697) | —) | |
| Convertible notes | 1,697,716) | —) | —) | —) | —) | —) | |
| Total debt | 2,174,145) | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | |
| Operating lease liability, current (included in Accrued liabilities) | 9,248) | 7,756) | 7,139) | 6,322) | 6,310) | —) | |
| Operating lease liability, non-current (included in Other long-term liabilities) | 26,134) | 11,404) | 16,661) | 14,539) | 18,102) | —) | |
| Total debt (including operating lease liability) | 2,209,527) | 309,462) | 620,564) | 119,051) | 53,813) | 23,647) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 5,417,206) | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | |
| Total capital (including operating lease liability) | 7,626,733) | 2,281,467) | 2,046,139) | 1,215,276) | 1,119,353) | 964,662) | |
| Solvency Ratio | |||||||
| Debt to capital (including operating lease liability)1 | 0.29 | 0.14 | 0.30 | 0.10 | 0.05 | 0.02 | |
| Benchmarks | |||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||
| Apple Inc. | 0.68 | 0.67 | 0.72 | 0.68 | 0.65 | 0.54 | |
| Arista Networks Inc. | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | — | |
| Cisco Systems Inc. | 0.41 | 0.18 | 0.21 | 0.24 | 0.29 | 0.42 | |
| Dell Technologies Inc. | 1.10 | 1.11 | 1.06 | 0.95 | 1.03 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | |||||||
| Technology Hardware & Equipment | 0.61 | 0.59 | 0.64 | 0.64 | 0.64 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.40 | 0.42 | 0.43 | 0.47 | 0.51 | — | |
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).
1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 2,209,527 ÷ 7,626,733 = 0.29
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) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Debt to Assets
Super Micro Computer Inc., debt to assets calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Lines of credit and current portion of term loans | 402,346) | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | |
| Term loans, non-current | 74,083) | 120,179) | 147,618) | 34,700) | 5,697) | —) | |
| Convertible notes | 1,697,716) | —) | —) | —) | —) | —) | |
| Total debt | 2,174,145) | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | |
| Total assets | 9,826,092) | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | |
| Solvency Ratio | |||||||
| Debt to assets1 | 0.22 | 0.08 | 0.19 | 0.04 | 0.02 | 0.01 | |
| Benchmarks | |||||||
| Debt to Assets, Competitors2 | |||||||
| Apple Inc. | 0.29 | 0.32 | 0.34 | 0.36 | 0.35 | 0.32 | |
| Arista Networks Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |
| Cisco Systems Inc. | 0.25 | 0.08 | 0.10 | 0.12 | 0.15 | 0.25 | |
| Dell Technologies Inc. | 0.32 | 0.33 | 0.29 | 0.39 | 0.44 | — | |
| Debt to Assets, Sector | |||||||
| Technology Hardware & Equipment | 0.28 | 0.27 | 0.29 | 0.32 | 0.33 | — | |
| Debt to Assets, Industry | |||||||
| Information Technology | 0.25 | 0.26 | 0.26 | 0.29 | 0.31 | — | |
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).
1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,174,145 ÷ 9,826,092 = 0.22
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 improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
Super Micro Computer Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Lines of credit and current portion of term loans | 402,346) | 170,123) | 449,146) | 63,490) | 23,704) | 23,647) | |
| Term loans, non-current | 74,083) | 120,179) | 147,618) | 34,700) | 5,697) | —) | |
| Convertible notes | 1,697,716) | —) | —) | —) | —) | —) | |
| Total debt | 2,174,145) | 290,302) | 596,764) | 98,190) | 29,401) | 23,647) | |
| Operating lease liability, current (included in Accrued liabilities) | 9,248) | 7,756) | 7,139) | 6,322) | 6,310) | —) | |
| Operating lease liability, non-current (included in Other long-term liabilities) | 26,134) | 11,404) | 16,661) | 14,539) | 18,102) | —) | |
| Total debt (including operating lease liability) | 2,209,527) | 309,462) | 620,564) | 119,051) | 53,813) | 23,647) | |
| Total assets | 9,826,092) | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | |
| Solvency Ratio | |||||||
| Debt to assets (including operating lease liability)1 | 0.22 | 0.08 | 0.19 | 0.05 | 0.03 | 0.01 | |
| Benchmarks | |||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||
| Apple Inc. | 0.33 | 0.35 | 0.38 | 0.39 | 0.38 | 0.32 | |
| Arista Networks Inc. | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | — | |
| Cisco Systems Inc. | 0.26 | 0.09 | 0.11 | 0.13 | 0.16 | 0.25 | |
| Dell Technologies Inc. | 0.33 | 0.34 | 0.30 | 0.41 | 0.45 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | |||||||
| Technology Hardware & Equipment | 0.30 | 0.29 | 0.31 | 0.34 | 0.35 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | |||||||
| Information Technology | 0.27 | 0.28 | 0.29 | 0.31 | 0.33 | — | |
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).
1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 2,209,527 ÷ 9,826,092 = 0.22
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) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Financial Leverage
Super Micro Computer Inc., financial leverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Total assets | 9,826,092) | 3,674,729) | 3,205,077) | 2,241,964) | 1,918,646) | 1,682,594) | |
| Total Super Micro Computer, Inc. stockholders’ equity | 5,417,206) | 1,972,005) | 1,425,575) | 1,096,225) | 1,065,540) | 941,015) | |
| Solvency Ratio | |||||||
| Financial leverage1 | 1.81 | 1.86 | 2.25 | 2.05 | 1.80 | 1.79 | |
| Benchmarks | |||||||
| Financial Leverage, Competitors2 | |||||||
| Apple Inc. | 6.41 | 5.67 | 6.96 | 5.56 | 4.96 | 3.74 | |
| Arista Networks Inc. | 1.41 | 1.38 | 1.39 | 1.44 | 1.43 | — | |
| Cisco Systems Inc. | 2.74 | 2.30 | 2.36 | 2.36 | 2.50 | 2.91 | |
| Dell Technologies Inc. | — | — | — | 49.78 | — | — | |
| Financial Leverage, Sector | |||||||
| Technology Hardware & Equipment | 5.16 | 4.95 | 5.78 | 5.18 | 5.13 | — | |
| Financial Leverage, Industry | |||||||
| Information Technology | 2.45 | 2.55 | 2.68 | 2.89 | 3.12 | — | |
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).
1 2024 Calculation
Financial leverage = Total assets ÷ Total Super Micro Computer, Inc. stockholders’ equity
= 9,826,092 ÷ 5,417,206 = 1.81
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 decreased from 2022 to 2023 and from 2023 to 2024. |
Interest Coverage
Super Micro Computer Inc., interest coverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 1,152,666) | 639,998) | 285,163) | 111,865) | 84,308) | 71,918) | |
| Add: Income tax expense | 63,294) | 110,666) | 52,876) | 6,936) | 2,922) | 14,884) | |
| Add: Interest expense | 19,352) | 10,491) | 6,413) | 2,485) | 2,236) | 6,690) | |
| Earnings before interest and tax (EBIT) | 1,235,312) | 761,155) | 344,452) | 121,286) | 89,466) | 93,492) | |
| Solvency Ratio | |||||||
| Interest coverage1 | 63.83 | 72.55 | 53.71 | 48.81 | 40.01 | 13.97 | |
| Benchmarks | |||||||
| Interest Coverage, Competitors2 | |||||||
| Apple Inc. | — | 29.92 | 41.64 | 42.29 | 24.35 | 19.38 | |
| Arista Networks Inc. | — | — | — | — | — | — | |
| Cisco Systems Inc. | 13.16 | 36.87 | 41.21 | 31.56 | 24.88 | 17.96 | |
| Dell Technologies Inc. | 3.59 | 3.64 | 4.84 | 2.54 | 1.00 | — | |
| Interest Coverage, Sector | |||||||
| Technology Hardware & Equipment | 58.03 | 25.22 | 30.22 | 24.25 | 14.35 | — | |
| Interest Coverage, Industry | |||||||
| Information Technology | 19.65 | 17.77 | 22.75 | 19.95 | 14.17 | — | |
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).
1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 1,235,312 ÷ 19,352 = 63.83
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 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Fixed Charge Coverage
Super Micro Computer Inc., fixed charge coverage calculation, comparison to benchmarks
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net income | 1,152,666) | 639,998) | 285,163) | 111,865) | 84,308) | 71,918) | |
| Add: Income tax expense | 63,294) | 110,666) | 52,876) | 6,936) | 2,922) | 14,884) | |
| Add: Interest expense | 19,352) | 10,491) | 6,413) | 2,485) | 2,236) | 6,690) | |
| Earnings before interest and tax (EBIT) | 1,235,312) | 761,155) | 344,452) | 121,286) | 89,466) | 93,492) | |
| Add: Operating lease expense | 9,983) | 8,299) | 8,265) | 7,827) | 6,993) | 6,700) | |
| Earnings before fixed charges and tax | 1,245,295) | 769,454) | 352,717) | 129,113) | 96,459) | 100,192) | |
| Interest expense | 19,352) | 10,491) | 6,413) | 2,485) | 2,236) | 6,690) | |
| Operating lease expense | 9,983) | 8,299) | 8,265) | 7,827) | 6,993) | 6,700) | |
| Fixed charges | 29,335) | 18,790) | 14,678) | 10,312) | 9,229) | 13,390) | |
| Solvency Ratio | |||||||
| Fixed charge coverage1 | 42.45 | 40.95 | 24.03 | 12.52 | 10.45 | 7.48 | |
| Benchmarks | |||||||
| Fixed Charge Coverage, Competitors2 | |||||||
| Apple Inc. | 62.74 | 20.17 | 25.65 | 26.13 | 16.34 | 14.48 | |
| Arista Networks Inc. | — | 73.83 | 49.20 | 31.02 | 24.95 | — | |
| Cisco Systems Inc. | 9.58 | 18.98 | 20.30 | 16.92 | 14.79 | 12.28 | |
| Dell Technologies Inc. | 3.17 | 3.14 | 4.16 | 2.26 | 1.00 | — | |
| Fixed Charge Coverage, Sector | |||||||
| Technology Hardware & Equipment | 28.46 | 17.24 | 19.84 | 16.62 | 10.51 | — | |
| Fixed Charge Coverage, Industry | |||||||
| Information Technology | 12.46 | 11.37 | 13.48 | 12.23 | 9.05 | — | |
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).
1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 1,245,295 ÷ 29,335 = 42.45
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 2022 to 2023 and from 2023 to 2024. |