Diodes Incorporated (DIOD)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 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	Mar 31, 2019
Long-term debt	US$ in thousands	16,979	22,645	54,575	89,636	147,470	251,174	229,912	192,538	265,574	218,000	222,712	327,007	288,179	330,766	282,271	46,011	64,401	87,939	141,919	187,378
Total assets	US$ in thousands	2,367,660	2,340,220	2,341,070	2,285,560	2,288,310	2,362,560	2,285,040	2,165,460	2,194,500	2,041,910	1,992,970	1,990,340	1,979,460	2,032,650	1,937,160	1,620,270	1,639,380	1,609,810	1,614,160	1,613,000
Debt-to-assets ratio		0.01	0.01	0.02	0.04	0.06	0.11	0.10	0.09	0.12	0.11	0.11	0.16	0.15	0.16	0.15	0.03	0.04	0.05	0.09	0.12

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $16,979K ÷ $2,367,660K
= 0.01

The debt-to-assets ratio of Diodes, Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ratio decreased to 0.03 from 0.02 in Q3 2023, indicating that the company had very low levels of debt in proportion to its total assets. This may suggest a conservative approach to financing operations and investments.

Looking back further, the ratio was at its highest in Q4 2022 at 0.08, then declined in subsequent quarters. The decreasing trend in the debt-to-assets ratio implies that the company has been reducing its debt relative to its total assets over time, which can be a positive sign for investors and creditors as it indicates improved financial stability and reduced risk.

Overall, Diodes, Inc. has maintained a relatively low debt-to-assets ratio in recent quarters, signaling a conservative financial structure and a prudent approach to managing debt levels. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health and performance.