Maxeon Solar Technologies (Maxeon Solar Technologies) Debt-to-Equity : 2.56 (As of Sep. 2023)

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What is Maxeon Solar Technologies Debt-to-Equity?

Maxeon Solar Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $29 Mil. Maxeon Solar Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $406 Mil. Maxeon Solar Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $170 Mil. Maxeon Solar Technologies's debt to equity for the quarter that ended in Sep. 2023 was 2.56.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Maxeon Solar Technologies's Debt-to-Equity or its related term are showing as below:

MAXN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.48 Max: 10.6
Current: 2.56

During the past 5 years, the highest Debt-to-Equity Ratio of Maxeon Solar Technologies was 10.60. The lowest was 0.10. And the median was 0.48.

MAXN's Debt-to-Equity is ranked worse than
96.57% of 874 companies
in the Semiconductors industry
Industry Median: 0.27 vs MAXN: 2.56

Maxeon Solar Technologies Debt-to-Equity Historical Data

The historical data trend for Maxeon Solar Technologies's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Maxeon Solar Technologies Debt-to-Equity Chart

Maxeon Solar Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.10

0.23

0.46

0.54

10.60

Maxeon Solar Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															3.59	10.60	6.68	1.67	2.56

Competitive Comparison of Maxeon Solar Technologies's Debt-to-Equity

For the Solar subindustry, Maxeon Solar Technologies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Maxeon Solar Technologies's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Maxeon Solar Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Maxeon Solar Technologies's Debt-to-Equity falls into.

Maxeon Solar Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maxeon Solar Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(53.938	+	395.862)	/	42.437
	=	10.60

Maxeon Solar Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(29.38	+	405.751)	/	169.85
	=	2.56

Maxeon Solar Technologies (NAS:MAXN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Maxeon Solar Technologies Debt-to-Equity Related Terms

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Maxeon Solar Technologies (Maxeon Solar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Maxeon Solar Technologies Ltd (NAS:MAXN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5QJ:Germany

Address

8 Marina Boulevard No. 05-02, Marina Bay Financial Centre, Singapore, SGP, 018981

Website

https://www.maxeon.com

Maxeon Solar Technologies Ltd is engaged in the manufacturing and marketing of premium solar technology. It owns and operates solar cell and panel manufacturing facilities located in Malaysia, Mexico, and the Philippines. The company's primary products are the Maxeon line of interdigitated back contact (IBC) solar cells and panels, and the Performance line (formerly, P-Series) of shingled solar cells and panels. the Maxeon line of solar panels are the highest-efficiency solar panels on the market with an aesthetically pleasing design, and the Performance line of solar panels offers a high-value and cost-effective solution. It is targeted at residential and small-scale commercial customers across the globe. The company derives its revenue from the United States, France, Italy, and Others.