Cirrus Logic Inc (CRUS)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

March 31, 2024 calculation

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

The debt-to-equity ratio for Cirrus Logic Inc has consistently been 0.00 for the past five years, from March 31, 2020, to March 31, 2024. This indicates that the company has not utilized any debt financing during these periods to fund its operations or growth initiatives. A debt-to-equity ratio of 0.00 typically suggests that the company is entirely reliant on equity financing, implying a low financial risk as there is no debt obligation to service. However, it's important to note that a debt-to-equity ratio of 0.00 may also indicate that the company has not fully leveraged its capital structure to maximize returns. Further insight into the company's financing strategy and future plans would be required to assess the implications of the consistent 0.00 debt-to-equity ratio.