Fabrinet (FN)
Debt-to-assets ratio
| Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 0 | 3,039 | 6,078 | 9,117 | 15,202 | 18,241 | 21,279 | 24,319 | 27,358 | 30,397 | 33,436 | 36,475 | 39,514 | 42,553 | 45,592 | 48,631 |
| Total assets | US$ in thousands | 2,338,520 | 2,237,020 | 2,133,140 | 2,019,220 | 1,979,650 | 2,028,800 | 1,968,020 | 1,864,390 | 1,835,640 | 1,780,140 | 1,750,800 | 1,680,620 | 1,616,120 | 1,501,830 | 1,497,640 | 1,425,410 | 1,381,980 | 1,330,260 | 1,315,030 | 1,289,710 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,338,520K
= 0.00
The debt-to-assets ratio of Fabrinet has been relatively low and stable over the past few quarters, ranging from 0.00 to 0.04. This ratio indicates the proportion of the company's assets that are financed through debt. A lower ratio typically suggests lower financial risk and an ability to cover obligations using its own resources. Fabrinet's consistent low debt-to-assets ratio reflects a conservative approach to debt management, indicating a strong financial position and potentially reducing the company's interest expense and overall financial risk. Monitoring this ratio over time can provide insights into the company's financial stability and its ability to manage debt effectively.
Peer comparison
Jun 30, 2024