Dolby Laboratories (DLB)
Debt-to-capital ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,355,100 | 2,246,180 | 2,597,980 | 2,432,640 | 2,307,350 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,355,100K)
= 0.00
The debt-to-capital ratio for Dolby Laboratories has been consistently reported as 0.00 for the past five years, spanning from September 30, 2019, to September 30, 2023. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-capital ratio of 0.00 suggests that Dolby Laboratories has been relying solely on equity to fund its activities, reflecting a conservative financial structure with no financial leverage. This may imply lower financial risk as the absence of debt obligations reduces interest payments and enhances the company's financial stability. However, it is essential to consider that a zero debt-to-capital ratio could also indicate underutilization of debt as a potential source of capital, which may limit the company's growth opportunities or tax benefits associated with debt financing. Overall, a consistent debt-to-capital ratio of 0.00 for Dolby Laboratories signifies a conservative financial approach with minimal reliance on external borrowing for capital requirements.
Peer comparison
Sep 30, 2023