Littelfuse Inc (LFUS)
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 | 857,915 | 857,006 | 864,223 | 866,925 | 866,623 | 975,610 | 884,569 | 606,741 | 611,897 | 620,112 | 626,917 | 623,865 | 687,034 | 725,507 | 776,205 | 764,195 | 669,158 | 668,160 | 676,940 | 676,510 |
| Total assets | US$ in thousands | 3,995,280 | 4,002,930 | 3,975,710 | 3,961,740 | 3,903,730 | 3,777,930 | 3,544,470 | 3,193,170 | 3,151,700 | 3,038,520 | 2,927,500 | 2,786,870 | 2,747,590 | 2,654,370 | 2,611,060 | 2,612,630 | 2,559,900 | 2,551,360 | 2,621,580 | 2,625,020 |
| Debt-to-assets ratio | 0.21 | 0.21 | 0.22 | 0.22 | 0.22 | 0.26 | 0.25 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 | 0.25 | 0.27 | 0.30 | 0.29 | 0.26 | 0.26 | 0.26 | 0.26 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $857,915K ÷ $3,995,280K
= 0.21
The debt-to-assets ratio of Littelfuse Inc has fluctuated over the past few quarters. The ratio stood at 0.21 at the end of December 2023 and September 2023, indicating that 21% of the company's assets were financed by debt during these periods. In the previous quarter, the ratio increased slightly to 0.22, suggesting a marginal increase in the proportion of debt relative to assets.
Comparing the current ratios to historical data, the company had a higher debt-to-assets ratio in the earlier part of 2022, reaching 0.26 in both March and September of that year. However, in March 2022, the ratio decreased significantly to 0.19, implying a stronger asset base relative to debt at that point.
It is notable that since March 2022, the debt-to-assets ratio has gradually increased, reaching a peak of 0.30 in June 2020. Subsequently, the ratio has shown a decreasing trend, indicating improved debt management and possibly a focus on increasing asset efficiency.
Overall, the analysis suggests that Littelfuse Inc has maintained a relatively conservative level of debt financing in relation to its asset base, with some fluctuations observed over the quarters, possibly reflecting varying investment or financing strategies during these periods.
Peer comparison
Dec 31, 2023