Dolby Laboratories (DLB)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
September 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,355,100K
= 0.00
Based on the data provided for Dolby Laboratories across the past five years, the debt-to-equity ratio has consistently been at 0.00. This indicates that the company has not utilized any debt to finance its operations relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that Dolby Laboratories has been relying solely on equity capital to run its business, which can be perceived as a positive sign as it signifies a low level of financial risk and potential for financial distress. However, it is important to analyze the company's financial position holistically by considering other financial ratios and factors to gain a comprehensive understanding of its financial health and performance.
Peer comparison
Sep 30, 2023