Corsair Gaming Inc (CRSR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 186,006 | 232,170 | 242,898 | 321,393 |
| Total assets | US$ in thousands | 1,357,460 | 1,297,240 | 1,337,400 | 1,314,120 |
| Debt-to-assets ratio | 0.14 | 0.18 | 0.18 | 0.24 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $186,006K ÷ $1,357,460K
= 0.14
Corsair Gaming Inc's debt-to-assets ratio has shown a decreasing trend over the past five years. The ratio decreased from 0.48 in 2019 to 0.15 in 2023. This suggests that the company has been able to effectively manage its debt levels relative to its total assets, indicating a strengthened financial position in terms of debt management. A lower debt-to-assets ratio indicates a lower reliance on debt financing to support its operations and investments, which could lead to reduced financial risk and increased financial stability. Overall, the decreasing trend in the debt-to-assets ratio reflects positively on Corsair Gaming Inc's financial health and management of its capital structure.
Peer comparison
Dec 31, 2023