Cohu Inc (COHU)
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 | 34,303 | 72,664 | 103,393 | 311,551 | 346,518 |
| Total assets | US$ in thousands | 1,150,350 | 1,227,410 | 1,259,040 | 1,090,350 | 1,077,710 |
| Debt-to-assets ratio | 0.03 | 0.06 | 0.08 | 0.29 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $34,303K ÷ $1,150,350K
= 0.03
The debt-to-assets ratio of Cohu Inc has shown a decreasing trend over the past five years, indicating a lower reliance on debt to finance its assets. In 2023, the ratio stands at 0.03, significantly lower than the ratios recorded in 2022 (0.06) and 2021 (0.08). The improvement in the debt-to-assets ratio suggests that Cohu Inc has been able to better manage its debt levels in relation to its total assets. Compared to 2020 (0.29) and 2019 (0.32), where the ratios were considerably higher, the company has substantially reduced its debt burden relative to its asset base. This trend reflects positively on the company's financial health and risk profile, as lower debt-to-assets ratios indicate greater financial stability and less financial risk.
Peer comparison
Dec 31, 2023