Littelfuse Inc (LFUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,480,170 | 2,404,510 | 2,356,960 | 2,307,230 | 2,211,190 | 2,088,720 | 2,051,810 | 2,000,520 | 1,893,390 | 1,821,270 | 1,742,090 | 1,660,610 | 1,608,640 | 1,529,430 | 1,462,300 | 1,476,820 | 1,495,880 | 1,472,080 | 1,509,810 | 1,505,260 |
| Debt-to-capital ratio | 0.26 | 0.26 | 0.27 | 0.27 | 0.28 | 0.32 | 0.30 | 0.23 | 0.24 | 0.25 | 0.26 | 0.27 | 0.30 | 0.32 | 0.35 | 0.34 | 0.31 | 0.31 | 0.31 | 0.31 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $857,915K ÷ ($857,915K + $2,480,170K)
= 0.26
The debt-to-capital ratio of Littelfuse Inc has shown some fluctuation over the past few years, ranging from 0.23 to 0.35. The ratio has generally been in the range of 0.24 to 0.32, indicating that the company has maintained a moderate level of debt relative to its total capital structure.
In more recent periods, the ratio has been around 0.26 to 0.27, suggesting a relatively stable level of debt compared to total capital. It is worth noting that the ratio was higher in the past, reaching 0.35 in June 2020 and 0.32 in September 2022, but has since decreased.
Overall, the trend in Littelfuse Inc's debt-to-capital ratio indicates a conservative approach to managing debt levels, with the company maintaining a balanced capital structure over the examined periods.
Peer comparison
Dec 31, 2023