Cirrus Logic Inc (CRUS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,817,010	1,800,760	1,708,360	1,656,790	1,658,280	1,716,320	1,654,610	1,599,190	1,599,820	1,562,750	1,468,090	1,406,730	1,389,000	1,400,360	1,316,830	1,272,290	1,229,780	1,259,880	1,178,620	1,117,250
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,817,010K)
= 0.00

The debt-to-capital ratio of Cirrus Logic Inc has consistently remained at 0.00 over the past several quarters, indicating that the company has not utilized any debt in its capital structure. A debt-to-capital ratio of 0.00 means that the company's total debt is zero in relation to its total capital, which includes both debt and equity. This suggests that Cirrus Logic has been financing its operations and investments primarily through equity or retained earnings rather than taking on debt. A low or zero debt-to-capital ratio can signify financial stability, lower financial risk, and a strong financial position as the company is not reliant on borrowed funds to fund its operations. However, it is essential for analysts to also consider other financial ratios and factors when assessing the overall financial health and performance of the company.