Cirrus Logic Inc (CRUS)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.19 | 1.20 | 1.22 | 1.23 | 1.23 | 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 |
Cirrus Logic Inc demonstrates a strong solvency position based on its solvency ratios. The Debt-to-assets ratio has consistently been at 0.00 from September 2020 to March 2025, indicating that the company has no significant debt in relation to its assets during this period.
Similarly, the Debt-to-capital ratio has remained at 0.00 throughout the same period, suggesting that the company has not relied heavily on debt to finance its operations. This signifies a conservative capital structure and a lower risk of financial distress.
The Debt-to-equity ratio has also consistently been at 0.00 from September 2020 to March 2025, implying that the company's capital has been predominantly financed by equity rather than debt. This emphasizes the company's strong financial position and ability to withstand economic uncertainties.
The Financial leverage ratio has shown fluctuations but generally decreasing trend over the period, starting at 1.29 in September 2020 and decreasing to 1.19 in March 2025. This indicates that the company has been reducing its reliance on debt relative to equity over time, which is a positive sign for its long-term financial health and stability.
In conclusion, Cirrus Logic Inc's solvency ratios suggest a prudent financial management approach, low debt levels, and a strong ability to meet its financial obligations, positioning the company well for future growth and sustainability.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 608.46 | 48.92 | 50.47 | 46.48 | 53.63 | 430.24 | 193.53 | 235.26 | 246.93 | 281.81 | 467.46 | 471.44 | 445.43 | 389.89 | 292.85 | 268.26 | 232.32 | 231.51 | 235.04 | 181.93 |
Cirrus Logic Inc's interest coverage ratio has shown significant fluctuations over the period from September 30, 2020, to March 31, 2025. The interest coverage ratio indicates the company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT).
The trend in Cirrus Logic Inc's interest coverage ratio saw a steady increase from September 30, 2020, to March 31, 2022, indicating an improving ability to cover interest expenses with operating income. This upward trend peaked at 445.43 on June 30, 2022, and further increased to 471.44 by September 30, 2022.
However, the interest coverage ratio then experienced a sharp decline, dropping to 281.81 on March 31, 2023, and further decreasing to 46.48 by June 30, 2024. Such a drastic drop in the interest coverage ratio may raise concerns about the company's ability to cover its interest expenses comfortably.
Although there was a slight improvement in the interest coverage ratio to 608.46 on March 31, 2025, it is essential for stakeholders to monitor the company's future financial performance closely to ensure it can sustainably meet its interest obligations.