Dolby Laboratories (DLB)
Debt-to-assets ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,979,770 | 2,689,550 | 3,105,690 | 2,917,320 | 2,821,750 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,979,770K
= 0.00
The debt-to-assets ratio for Dolby Laboratories has consistently been at 0.00 for the past five years, indicating that the company has not had any debt on its balance sheet relative to its total assets during this period. This suggests that Dolby Laboratories has been funding its operations and investments primarily through equity or other non-debt sources. A debt-to-assets ratio of 0.00 reflects a strong financial position with minimal financial risk associated with debt repayment obligations. This could be a strategic choice by the company to maintain a conservative capital structure and avoid the costs and risks associated with debt financing. Overall, the consistent trend of a 0.00 debt-to-assets ratio over the years reflects a sound financial management approach by Dolby Laboratories.
Peer comparison
Sep 30, 2023