Cirrus Logic Inc (CRUS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.23 | 1.23 | 1.23 | 1.24 | 1.24 | 1.26 | 1.31 | 1.32 | 1.33 | 1.32 | 1.52 | 1.29 | 1.32 | 1.30 | 1.29 | 1.29 | 1.30 | 1.31 | 1.34 | 1.32 |
Cirrus Logic Inc's solvency ratios provide insight into the company's ability to meet its long-term financial obligations. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00 over the periods analyzed, indicating that the company has not utilized any debt in its capital structure.
The financial leverage ratio, which measures the company's level of debt in relation to its equity, has fluctuated between 1.23 and 1.52 over the past few quarters. A higher financial leverage ratio suggests higher financial risk due to increased reliance on debt financing.
Overall, Cirrus Logic Inc's solvency ratios suggest a conservative approach to capital structure with no debt usage, although the varying financial leverage ratio implies some level of risk associated with debt financing. It is important for investors and stakeholders to monitor these ratios to assess the company's long-term financial health and risk profile.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 375.37 | 249.72 | 225.28 | 236.95 | 277.63 | 467.94 | 471.05 | 442.68 | 386.43 | 286.33 | 260.83 | 224.80 | 224.39 | 210.46 | 156.56 | 177.87 | 164.12 | 161.41 | 134.50 | 105.08 |
Cirrus Logic Inc's interest coverage ratio has shown fluctuations over the past few quarters. The interest coverage ratio measures the company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates a stronger ability to cover interest expenses.
In the most recent quarter ending March 31, 2024, Cirrus Logic Inc has a very high interest coverage ratio of 375.37. This indicates that the company's operating income is significantly higher compared to its interest expenses, suggesting a strong ability to meet interest payments.
Looking back over the past few quarters, the interest coverage ratio has varied, with some quarters showing higher ratios (such as in December 2022, with a ratio of 467.94) and others showing lower ratios (such as in June 2019, with a ratio of 105.08). These fluctuations may be due to changes in the company's operating income, interest expenses, or a combination of both.
Overall, Cirrus Logic Inc's interest coverage ratio has generally been above 1, indicating that the company has been able to comfortably cover its interest expenses. However, investors and creditors may still want to monitor the trend of this ratio to ensure the company's ability to meet its debt obligations in the long term.