Cirrus Logic Inc (CRUS)

Debt-to-assets ratio

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Long-term debt	US$ in thousands	—	—	—	—	0	—	—	—	0	—	—	—	0	—	—	—	0	—	—	—
Total assets	US$ in thousands	2,231,580	2,217,110	2,104,450	2,056,590	2,063,970	2,165,890	2,164,070	2,105,900	2,123,400	2,068,120	2,226,160	1,814,010	1,830,610	1,825,630	1,699,860	1,644,040	1,592,680	1,647,540	1,583,630	1,470,120
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

The debt-to-assets ratio for Cirrus Logic Inc has consistently been 0.00 across all the reported periods. This indicates that the company has not used debt as a source of financing in relation to its total assets. A debt-to-assets ratio of 0.00 suggests that the company is not relying on borrowed funds to support its operations or growth, and is financing its assets primarily through equity. This can be seen as a positive indicator of financial stability and a low risk of financial distress due to debt obligations. Investors and stakeholders may view this as a sign of a strong balance sheet and prudent financial management on the part of Cirrus Logic Inc.