Sanmina Balance Sheet Health
Financial Health criteria checks 6/6
Sanmina has a total shareholder equity of $2.5B and total debt of $305.3M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are $5.2B and $2.7B respectively. Sanmina's EBIT is $378.6M making its interest coverage ratio 64.3. It has cash and short-term investments of $799.6M.
Key information
12.34%
Debt to equity ratio
US$305.29m
Debt
| Interest coverage ratio | 64.3x |
| Cash | US$799.62m |
| Equity | US$2.47b |
| Total liabilities | US$2.75b |
| Total assets | US$5.22b |
Recent financial health updates
Sanmina (NASDAQ:SANM) Seems To Use Debt Quite Sensibly
Mar 23
We Think Sanmina (NASDAQ:SANM) Can Stay On Top Of Its Debt
Nov 04Recent updates
Sanmina Shares Surge: What To Do
Oct 07Market Participants Recognise Sanmina Corporation's (NASDAQ:SANM) Earnings
Jul 19Estimating The Intrinsic Value Of Sanmina Corporation (NASDAQ:SANM)
Jun 19Earnings Beat: Sanmina Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 01Sanmina: Fairly Re-Rated After Stabilization Arrived
Apr 16Getting In Cheap On Sanmina Corporation (NASDAQ:SANM) Might Be Difficult
Apr 06Sanmina (NASDAQ:SANM) Seems To Use Debt Quite Sensibly
Mar 23Calculating The Fair Value Of Sanmina Corporation (NASDAQ:SANM)
Feb 10Sanmina: A Speculative Bet On Cloud, Cash, And Capital Discipline
Jan 28Should You Investigate Sanmina Corporation (NASDAQ:SANM) At US$79.82?
Jan 14Investors Still Waiting For A Pull Back In Sanmina Corporation (NASDAQ:SANM)
Dec 31Sanmina's (NASDAQ:SANM) Returns Have Hit A Wall
Dec 14We Think Sanmina (NASDAQ:SANM) Can Stay On Top Of Its Debt
Nov 04
Calculated Wins In Cloud And Communication Networks Promise Revenue Surge And Enhanced Margins
Diversifying revenue sources by investing in high-margin sectors like cloud infrastructure and defense could enhance net margins and earnings.Sell Sanmina On Margin Deterioration
Aug 09Sanmina: Potential Limitation For Near-Term Growth (Rating Downgrade)
May 10Sanmina: A Balancing Act
Apr 16What To Do After Sanmina Gained Over 20%
Jan 31Financial Position Analysis
Short Term Liabilities: SANM's short term assets ($4.3B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: SANM's short term assets ($4.3B) exceed its long term liabilities ($499.1M).
Debt to Equity History and Analysis
Debt Level: SANM has more cash than its total debt.
Reducing Debt: SANM's debt to equity ratio has reduced from 62.4% to 12.3% over the past 5 years.
Debt Coverage: SANM's debt is well covered by operating cash flow (155.1%).
Interest Coverage: SANM's interest payments on its debt are well covered by EBIT (64.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/07 21:34 |
| End of Day Share Price | 2025/10/07 00:00 |
| Earnings | 2025/06/28 |
| Annual Earnings | 2024/09/28 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sanmina Corporation is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Kelleher | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Ruplu Bhattacharya | BofA Global Research |