ADEIA CORP (ADEA)

Debt-to-capital ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Long-term debt	US$ in thousands	519,550	576,781	591,482	610,594	619,580	752,170	711,259	720,333	729,392	738,438	747,469	784,666	795,661	956,530	967,471
Total stockholders’ equity	US$ in thousands	356,622	343,825	323,021	322,614	301,412	992,387	1,367,240	1,364,820	1,349,630	1,379,730	1,441,540	1,443,390	1,456,880	1,290,570	1,353,310
Debt-to-capital ratio		0.59	0.63	0.65	0.65	0.67	0.43	0.34	0.35	0.35	0.35	0.34	0.35	0.35	0.43	0.42

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $519,550K ÷ ($519,550K + $356,622K)
= 0.59

The debt-to-capital ratio of ADEIA CORP has shown some fluctuations over the past few periods. The ratio ranged from 0.34 to 0.67 during the respective quarters. The trend indicates that the company's reliance on debt as a source of capital has varied, with higher ratios reflecting a larger proportion of debt in the capital structure. The ratio was relatively stable around the 0.35 mark in the recent quarters, suggesting a consistent mix of debt and equity financing. However, there was a notable increase in the ratio in the middle of the sample period, reaching 0.67, which may indicate a temporary shift towards higher debt levels. Overall, it is essential for the company to carefully manage its debt levels to maintain a sustainable capital structure and financial stability.