Dorman Products Inc (DORM)

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	467,239	473,389	476,414	479,439	482,464	—	—	—	0	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,292,410	2,260,350	2,256,840	2,260,660	2,341,790	1,801,210	1,761,170	1,724,300	1,673,120	1,615,850	1,269,480	1,264,270	1,220,660	1,158,830	1,179,650	1,152,780	1,041,070	1,016,820	1,016,260	927,482
Debt-to-assets ratio		0.20	0.21	0.21	0.21	0.21	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
= $467,239K ÷ $2,292,410K
= 0.20

The debt-to-assets ratio for Dorman Products Inc has exhibited fluctuations over the past eight quarters. The ratio has generally been within a range of 0.13 to 0.31 during this period. In the most recent quarter, Q4 2023, the ratio stands at 0.25, indicating that 25% of the company's assets are financed through debt.

The general trend shows an increase in the ratio from Q1 2022 to Q1 2023, reaching a peak of 0.31 in Q1 2023 before slightly declining in Q4 2023. This suggests that the company has been relying more on debt financing relative to its total assets in recent quarters.

It is important for stakeholders to closely monitor this ratio as a higher debt-to-assets ratio can indicate higher financial risk and potential strain on the company's ability to meet its debt obligations. The fluctuations in the ratio may indicate changes in the company's capital structure or overall financial health, warranting further analysis into Dorman Products Inc's debt management strategies and overall financial stability.