Allegro Microsystems Inc (ALGM)

Debt-to-capital ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 23, 2022 Sep 23, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021
Long-term debt US$ in thousands 374,729 396,056 202,589 249,611 250,464 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
Total stockholders’ equity US$ in thousands 933,045 937,314 1,108,580 1,130,440 1,134,230 1,097,090 1,026,580 965,628 893,379 814,786 762,236 734,207 694,669 655,423 618,252
Debt-to-capital ratio 0.29 0.30 0.15 0.18 0.18 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $374,729K ÷ ($374,729K + $933,045K)
= 0.29

The debt-to-capital ratio for Allegro Microsystems Inc ranged between 0.02 and 0.30 over the period from June 30, 2021, to December 31, 2024. It remained relatively stable at lower levels between June 30, 2021, and June 30, 2023, hovering around 0.03. However, there was a sudden increase to 0.18 by the end of December 31, 2023, and this upward trend continued into the first half of 2024, peaking at 0.30 by September 30, 2024. This rise suggests an increase in debt compared to the capital structure during this period. The subsequent decrease to 0.29 by the end of December 31, 2024, indicates a slight reduction in the debt-to-capital ratio. Further analysis and investigation would be required to determine the reasons behind these fluctuations and assess the implications for the company's financial health and leverage.