Cirrus Logic Inc (CRUS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,817,010	1,658,280	1,599,820	1,389,000	1,229,780
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,817,010K)
= 0.00

The debt-to-capital ratio for Cirrus Logic Inc has consistently been at 0.00 for the past five years, from March 31, 2020, to March 31, 2024. This indicates that the company has not used debt in its capital structure during this period, relying solely on equity financing. A debt-to-capital ratio of 0.00 typically suggests a lower financial risk as the company is not relying on borrowed funds to finance its operations. It may indicate a conservative approach to capital structure and a strong financial position, as the company is not burdened with debt obligations. Overall, Cirrus Logic Inc's consistent 0.00 debt-to-capital ratio reflects a stable and potentially robust financial standing in terms of leverage.