Corsair Gaming Inc (CRSR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 186,006 | 210,573 | 217,357 | 220,390 | 232,170 | 239,052 | 240,377 | 241,709 | 242,898 | 244,087 | 270,013 | 294,254 | 321,393 | 370,090 |
| Total assets | US$ in thousands | 1,357,460 | 1,338,150 | 1,318,960 | 1,297,320 | 1,297,240 | 1,183,270 | 1,231,890 | 1,319,420 | 1,337,400 | 1,341,690 | 1,378,400 | 1,333,430 | 1,314,120 | 1,255,720 |
| Debt-to-assets ratio | 0.14 | 0.16 | 0.16 | 0.17 | 0.18 | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.20 | 0.22 | 0.24 | 0.29 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $186,006K ÷ $1,357,460K
= 0.14
The debt-to-assets ratio for Corsair Gaming Inc has shown a generally declining trend over the past eight quarters, indicating improving financial health in terms of leverage. The ratio decreased from 0.21 in Q3 2022 to 0.15 in Q4 2023. This suggests that the company has reduced its reliance on debt to finance its assets. A lower debt-to-assets ratio is typically viewed favorably by investors and creditors as it signifies a lower level of financial risk and more stable financial position. It is essential to monitor this ratio over time to assess the company's ability to manage its debt obligations effectively and maintain a healthy balance sheet.
Peer comparison
Dec 31, 2023