Dolby Laboratories (DLB)
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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,935,530 | 2,979,770 | 3,007,940 | 2,836,130 | 2,748,520 | 2,689,550 | 2,919,940 | 3,062,990 | 3,104,920 | 3,105,690 | 3,135,140 | 3,106,290 | 3,096,850 | 2,917,320 | 2,903,910 | 2,944,830 | 2,893,280 | 2,821,750 | 2,809,810 | 2,846,950 |
| 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 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,935,530K
= 0.00
The debt-to-assets ratio of Dolby Laboratories has consistently been at 0.00 for the past several quarters, indicating that the company has not had any debt in relation to its total assets during these periods. This may suggest that Dolby Laboratories has been funding its operations and investments primarily through equity and retained earnings, rather than taking on debt. A debt-to-assets ratio of 0.00 is often seen as a positive sign by investors and creditors, as it implies a lower financial risk and greater financial stability for the company. However, it is important to keep in mind that a lack of debt may also mean potentially missed opportunities for leverage and tax advantages that come with debt financing.
Peer comparison
Dec 31, 2023