Dolby Laboratories (DLB)
Debt-to-assets ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 3,109,930 | 2,979,770 | 2,689,550 | 3,105,690 | 2,917,320 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $3,109,930K
= 0.00
The debt-to-assets ratio for Dolby Laboratories for the past five years (2020-2024) has consistently been indicated as 0.00. This signifies that there has been no financial leverage through debt used to finance the company's assets during this period. A debt-to-assets ratio of 0.00 suggests that the company has been funding its operations and investments primarily through equity rather than debt. This may indicate a strong financial position and lower financial risk, as the absence of debt obligations provides more flexibility and resilience in times of economic uncertainty. It also implies that the company may have ample access to internal resources or equity financing to support its activities without relying on external borrowing. Additionally, a consistent zero debt-to-assets ratio over multiple years could reflect a deliberate strategy or financial policy of maintaining a debt-free balance sheet or a successful capital structure management that minimizes debt levels.
Peer comparison
Sep 30, 2024