Cohu Inc (COHU)
Debt-to-assets 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 34,303 | 35,189 | 36,457 | 37,719 | 72,664 | 72,977 | 75,378 | 101,959 | 103,393 | 110,887 | 111,744 | 211,182 | 311,551 | 331,469 | 348,036 | 346,877 | 346,518 | 344,920 | 341,978 | 342,632 |
| Total assets | US$ in thousands | 1,150,350 | 1,167,520 | 1,188,060 | 1,187,600 | 1,227,410 | 1,197,920 | 1,239,400 | 1,243,340 | 1,259,040 | 1,272,870 | 1,371,730 | 1,258,760 | 1,090,350 | 1,046,350 | 1,066,580 | 1,072,160 | 1,077,710 | 1,071,610 | 1,103,500 | 1,106,200 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.06 | 0.06 | 0.06 | 0.08 | 0.08 | 0.09 | 0.08 | 0.17 | 0.29 | 0.32 | 0.33 | 0.32 | 0.32 | 0.32 | 0.31 | 0.31 |
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 exhibited a decreasing trend over the past few years, indicating a lower reliance on debt to finance its assets. The ratio fluctuated between 0.03 and 0.09 from 2019 to mid-2021, suggesting a relatively conservative debt position during that period. However, there was a notable increase in the ratio in the second half of 2021, reaching as high as 0.29 by the end of the year and peaking at 0.33 in June 2020. This increase may indicate a period of higher debt levels relative to company assets, potentially signaling increased financial risk or leverage.
Subsequently, there was a decline in the debt-to-assets ratio in more recent periods, with the ratio falling back to 0.03 by the end of 2023. This downward trend suggests that Cohu Inc has been managing its debt levels more effectively, possibly through deleveraging or increased asset accumulation. Overall, the company's current debt-to-assets ratio of 0.03 indicates a minimal use of debt in financing its assets, reflecting a more conservative financial stance compared to previous periods of higher leverage.
Peer comparison
Dec 31, 2023