CEVA Inc (CEVA)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 304,085 | 308,442 | 328,659 | 306,952 | 297,021 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $304,085K
= 0.00
The debt-to-assets ratio of CEVA Inc has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are fully financed by equity, which may suggest a low financial risk as there is no debt obligation to repay. However, it is important to note that a low debt-to-assets ratio may also indicate missed opportunities to leverage debt financing for potential growth or tax benefits. Overall, CEVA Inc's consistent 0.00 debt-to-assets ratio reflects a financial strategy focused on maintaining a debt-free capital structure.
Peer comparison
Dec 31, 2023