How much debt does Sonos have?
According to Sonos's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Sonos's total debt stands at $64.14M. This is broken down into:
- Long-term debt: $56.59M
- Short-term debt: $7.55M
The company's net debt, which accounts for cash and cash equivalents, is $-105.59M. In terms of overall financial obligations, Sonos's total liabilities amount to $487.69M.
Debt Ratios and Metrics
To better understand Sonos's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.15 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 7.00% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -108.95 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 0.00% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 13.02% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Sonos'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
$64.14M
Long-term Debt
$56.59M
Short-term Debt
$7.55M
Net Debt
$-105.59M
Total Liabilities
$487.69M
Interest Coverage
-108.95
Debt to Equity Ratio
0.15
Debt Ratio
7.00%
Sonos Historical Debt Metrics
Sonos 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 | $64.14M | $56.59M | $7.55M | $-105.59M | $487.69M | 0.15 | 7.00% | -108.95 | 0.00% | 13.02% |
| 2023 | $56.11M | $54.96M | $1.15M | $-164.12M | $483.58M | 0.11 | 5.60% | -28.03 | 0.00% | 9.76% |
| 2022 | $36.13M | $25.60M | $10.53M | $-238.73M | $627.88M | 0.06 | 3.04% | 125.51 | 0.00% | 6.06% |
| 2021 | $44.68M | $33.96M | $10.72M | $-595.42M | $569.76M | 0.08 | 3.92% | 261.76 | 0.00% | 7.28% |
| 2020 | $86.19M | $68.61M | $17.58M | $-320.91M | $518.21M | 0.29 | 10.56% | -12.51 | 5.77% | 22.44% |
| 2019 | $33.17M | $24.84M | $8.33M | $-305.47M | $480.68M | 0.12 | 4.36% | 0.57 | 8.12% | 10.56% |
| 2018 | $39.76M | $33.10M | $6.67M | $-181.17M | $379.14M | 0.19 | 6.77% | -1.97 | 13.71% | 16.03% |
| 2017 | $39.60M | $39.60M | $- | $-91.00M | $399.99M | 1466.67 | 9.90% | -3.66 | 99.93% | 99.93% |
| 2016 | $24.50M | $24.50M | $- | $-50.41M | $307.67M | -0.85 | 8.79% | -12.40 | -571.52% | -571.52% |
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