Cirrus Logic Inc (CRUS)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,817,010K
= 0.00
The debt-to-equity ratio of Cirrus Logic Inc has consistently been reported as 0.00 in the financial statements for the periods listed. A debt-to-equity ratio of 0.00 indicates that the company has no debt or has an extremely low level of debt in relation to its equity. This suggests that the company is primarily funded through equity, which can be seen as a positive indicator of financial stability and lower financial risk. It also implies that the company may have a strong balance sheet and financial position, as it has not relied on debt financing to support its operations or growth. However, it is important to consider the context of the industry and company's specific circumstances when evaluating the significance of a low debt-to-equity ratio.
Peer comparison
Mar 31, 2024