Allegro Microsystems Inc (ALGM)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 249,611 | 25,000 | 25,000 | 25,000 |
| Total assets | US$ in thousands | 1,530,600 | 1,181,160 | 892,620 | 747,678 |
| Debt-to-assets ratio | 0.16 | 0.02 | 0.03 | 0.03 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $249,611K ÷ $1,530,600K
= 0.16
The debt-to-assets ratio of Allegro Microsystems Inc has shown a notable increase from 0.02 in 2023 to 0.16 in 2024. This indicates that the company's level of debt in relation to its total assets has significantly risen over the one-year period. While the company had a relatively low debt-to-assets ratio in the previous years (0.03 in both 2022 and 2021), the substantial increase in 2024 suggests a higher reliance on debt to finance its operations or investments. It is essential for stakeholders to further investigate the reasons behind this notable change to assess the company's financial leverage and risk profile accurately.
Peer comparison
Mar 31, 2024