Knowles Cor (KN)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 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
Long-term debt US$ in thousands 134,000 175,500 212,400 245,200 224,100 45,000 45,000 45,000 45,000 78,000 73,000 70,000 70,000 0 0 0 0 213,000 160,900 258,800
Total assets US$ in thousands 1,118,200 1,171,300 1,178,100 1,483,400 1,462,800 1,182,200 1,176,000 1,195,500 1,183,900 1,436,700 1,458,400 1,718,700 1,731,600 1,723,200 1,681,900 1,675,300 1,654,900 1,667,700 1,687,700 1,696,800
Debt-to-assets ratio 0.12 0.15 0.18 0.17 0.15 0.04 0.04 0.04 0.04 0.05 0.05 0.04 0.04 0.00 0.00 0.00 0.00 0.13 0.10 0.15

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $134,000K ÷ $1,118,200K
= 0.12

The debt-to-assets ratio for Knowles Cor has exhibited varying trends over the period from March 31, 2020, to December 31, 2024. Initially, the ratio was relatively low at 0.15 as of March 31, 2020, indicating the company had a lower level of debt compared to its total assets. This ratio decreased further by June 30, 2020, to 0.10, suggesting a reduced reliance on debt financing.

Subsequently, the company's debt-to-assets ratio fluctuated, reaching its lowest point of 0.00 by December 31, 2020, and remaining at that level through March 31, 2021. During this period, Knowles Cor seemed to have effectively managed its debt levels, potentially through strategies such as debt repayment or increased asset base.

From December 31, 2021, through June 30, 2022, the ratio saw a slight uptick to 0.05, indicating a small increase in debt relative to assets. This trend continued with minor fluctuations through September 30, 2023.

A more significant increase was observed by December 31, 2023, where the debt-to-assets ratio spiked to 0.15 and continued to rise to 0.18 by June 30, 2024, before slightly decreasing to 0.12 by December 31, 2024. These higher ratios suggest that Knowles Cor may have taken on more debt compared to its asset base during this period.

Overall, fluctuations in the debt-to-assets ratio of Knowles Cor indicate varying levels of debt financing relative to the total assets held by the company. It would be important to further investigate the reasons behind these fluctuations and assess the implications for the company's financial health and risk management strategies.


Peer comparison

Dec 31, 2024

Company name
Symbol
Debt-to-assets ratio
Knowles Cor
KN
0.12
Arlo Technologies
ARLO
0.00
Sonos Inc
SONO
0.00