How much debt does Wolfspeed have?
According to Wolfspeed's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Wolfspeed's total debt stands at $6.29B. This is broken down into:
- Long-term debt: $6.28B
- Short-term debt: $500.00K
The company's net debt, which accounts for cash and cash equivalents, is $5.25B. In terms of overall financial obligations, Wolfspeed's total liabilities amount to $7.10B.
Debt Ratios and Metrics
To better understand Wolfspeed's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 7.13 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 78.79% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -1.51 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 87.48% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 87.70% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Wolfspeed'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
$6.29B
Long-term Debt
$6.28B
Short-term Debt
$500.00K
Net Debt
$5.25B
Total Liabilities
$7.10B
Interest Coverage
-1.51
Debt to Equity Ratio
7.13
Debt Ratio
78.79%
Wolfspeed Historical Debt Metrics
Wolfspeed 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 | $6.29B | $6.28B | $500.00K | $5.25B | $7.10B | 7.13 | 78.79% | -1.51 | 87.48% | 87.70% |
| 2023 | $4.18B | $4.18B | $6.90M | $4.19B | $5.00B | 2.58 | 63.21% | -8.93 | 72.02% | 72.07% |
| 2022 | $1.03B | $1.03B | $16.70M | $582.20M | $1.48B | 0.42 | 26.34% | -9.88 | 29.52% | 29.72% |
| 2021 | $839.10M | $841.40M | $10.10M | $460.10M | $1.33B | 0.40 | 24.34% | -5.25 | 28.02% | 28.39% |
| 2020 | $798.80M | $795.20M | $8.40M | $350.00M | $1.14B | 0.38 | 24.72% | -6.38 | 27.34% | 27.72% |
| 2019 | $469.10M | $469.10M | $- | $-31.40M | $775.70M | 0.23 | 16.65% | -0.02 | 18.72% | 18.72% |
| 2018 | $292.00M | $292.00M | $- | $173.08M | $565.46M | 0.14 | 11.07% | 0.00 | 12.38% | 12.38% |
| 2017 | $145.00M | $145.00M | $- | $12.40M | $427.06M | 0.07 | 5.47% | 0.00 | 6.12% | 6.12% |
| 2016 | $160.00M | $160.00M | $- | $-6.15M | $395.01M | 0.07 | 5.79% | 0.00 | 6.33% | 6.33% |
| 2015 | $200.00M | $200.00M | $- | $60.29M | $478.95M | 0.08 | 6.79% | 0.00 | 7.50% | 7.50% |
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