Cohu Inc (COHU)
Financial leverage 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 999,415 | 1,032,350 | 1,039,030 | 1,074,450 | 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 | 1,095,510 | 1,046,350 | 1,066,580 | 1,072,160 |
| Total stockholders’ equity | US$ in thousands | 856,891 | 884,538 | 896,210 | 915,357 | 950,170 | 946,236 | 953,393 | 938,779 | 928,841 | 881,811 | 894,452 | 886,897 | 882,502 | 871,979 | 850,231 | 749,474 | 511,624 | 474,609 | 466,758 | 464,884 |
| Financial leverage ratio | 1.17 | 1.17 | 1.16 | 1.17 | 1.21 | 1.23 | 1.25 | 1.27 | 1.32 | 1.36 | 1.39 | 1.40 | 1.43 | 1.46 | 1.61 | 1.68 | 2.14 | 2.20 | 2.29 | 2.31 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $999,415K ÷ $856,891K
= 1.17
The financial leverage ratio of Cohu Inc has shown a gradual decreasing trend over the past few years, indicating an improvement in the company's financial health and risk profile. The ratio decreased from 2.31 as of March 31, 2020, to 1.17 as of December 31, 2024. A financial leverage ratio below 1 suggests that the company's assets are predominantly financed by equity rather than debt.
This decreasing trend in the financial leverage ratio suggests that Cohu Inc has been reducing its reliance on debt to finance its operations and investments, which can be seen as a positive development in terms of reducing financial risk. A lower financial leverage ratio indicates a lower level of debt relative to equity, which can provide more financial flexibility and stability for the company.
Overall, the decreasing trend in Cohu Inc's financial leverage ratio reflects a more conservative capital structure and a potentially stronger financial position, which could be viewed positively by investors and creditors alike.
Peer comparison
Dec 31, 2024