Diodes Incorporated (DIOD)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,740,740	1,689,660	1,662,480	1,595,460	1,513,640	1,395,920	1,353,320	1,297,500	1,237,240	1,156,060	1,082,580	1,002,570	963,820	1,198,570	1,143,380	1,125,030	1,106,420	1,029,850	1,003,970	968,675
Debt-to-equity ratio		0.01	0.01	0.03	0.06	0.10	0.18	0.17	0.15	0.21	0.19	0.21	0.33	0.30	0.28	0.25	0.04	0.06	0.09	0.14	0.19

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $16,979K ÷ $1,740,740K
= 0.01

Diodes, Inc.'s debt-to-equity ratio has shown a decreasing trend from Q1 2022 to Q2 2023, indicating a positive sign of financial health and stability. The company had a ratio of 0.18 in Q1 2022, which has progressively decreased to 0.04 in Q4 2023. This reduction in the debt-to-equity ratio implies that Diodes, Inc. has been able to lower its debt levels relative to its equity over the period analyzed.

A lower debt-to-equity ratio is generally viewed favorably by investors and creditors, as it suggests that the company is relying less on debt financing and is in a better position to meet its financial obligations. Overall, the trend in Diodes, Inc.'s debt-to-equity ratio indicates a strengthening financial position and prudent financial management.