How much debt does Sanmina have?
According to Sanmina's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Sanmina's total debt stands at $317.32M. This is broken down into:
- Long-term debt: $299.82M
- Short-term debt: $17.50M
The company's net debt, which accounts for cash and cash equivalents, is $-308.54M. In terms of overall financial obligations, Sanmina's total liabilities amount to $2.46B.
Debt Ratios and Metrics
To better understand Sanmina's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.14 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 6.58% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 11.50 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 12.01% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 12.62% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Sanmina's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$317.32M
Long-term Debt
$299.82M
Short-term Debt
$17.50M
Net Debt
$-308.54M
Total Liabilities
$2.46B
Interest Coverage
11.50
Debt to Equity Ratio
0.14
Debt Ratio
6.58%
Sanmina Historical Debt Metrics
Sanmina Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $317.32M | $299.82M | $17.50M | $-308.54M | $2.46B | 0.14 | 6.58% | 11.50 | 12.01% | 12.62% |
| 2023 | $338.27M | $312.33M | $25.95M | $-329.30M | $2.56B | 0.15 | 6.94% | 12.56 | 11.87% | 12.73% |
| 2022 | $346.74M | $329.24M | $17.50M | $-183.12M | $3.00B | 0.19 | 7.14% | 16.37 | 15.03% | 15.70% |
| 2021 | $330.32M | $311.57M | $18.75M | $-319.70M | $2.33B | 0.18 | 7.85% | 14.39 | 14.23% | 14.95% |
| 2020 | $348.00M | $329.25M | $18.75M | $-132.53M | $2.14B | 0.21 | 9.22% | 7.88 | 16.81% | 17.59% |
| 2019 | $385.32M | $346.97M | $38.35M | $-69.42M | $2.26B | 0.23 | 9.87% | 5.78 | 17.44% | 19.00% |
| 2018 | $607.67M | $14.35M | $593.32M | $188.14M | $2.61B | 0.41 | 14.88% | 4.31 | 0.96% | 29.21% |
| 2017 | $479.86M | $391.45M | $88.42M | $73.20M | $2.20B | 0.29 | 12.47% | 10.32 | 19.20% | 22.55% |
| 2016 | $462.48M | $434.06M | $28.42M | $64.19M | $2.02B | 0.29 | 12.76% | 9.02 | 21.24% | 22.32% |
| 2015 | $537.37M | $423.95M | $113.42M | $125.11M | $1.97B | 0.35 | 15.38% | 8.12 | 21.80% | 26.11% |
Related Metrics
Explore detailed financial metrics and analysis for SANM.