Cirrus Logic Inc (CRUS)

Debt-to-assets ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Long-term debt	US$ in thousands	—	0	0	0	0
Total assets	US$ in thousands	2,231,580	2,063,970	2,123,400	1,830,610	1,592,680
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,231,580K
= 0.00

Based on the data provided, Cirrus Logic Inc has consistently maintained a debt-to-assets ratio of 0.00 for the past five years, indicating that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely funded by equity rather than debt. This implies that Cirrus Logic Inc has a strong financial position with minimal financial risk associated with debt obligations. The company's ability to operate without debt may provide it with more financial flexibility, lower interest expenses, and potentially better access to capital markets in the future. It also indicates that Cirrus Logic Inc might have a conservative financial management approach, opting to rely on retained earnings or equity financing to support its asset base.