Mesa Laboratories Inc (MLAB)

Debt-to-assets ratio

		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	Jun 30, 2019
Long-term debt	US$ in thousands	171,198	170,965	170,733	170,502	170,272	170,044	169,816	169,590	169,365	229,140	168,917	168,695	145,675	144,302	142,945	141,604	140,278	138,967	137,682	17,512
Total assets	US$ in thousands	446,796	741,769	637,188	642,611	661,832	662,984	656,231	685,811	707,369	721,712	609,102	612,490	601,475	621,636	588,932	576,733	409,108	423,467	392,465	159,671
Debt-to-assets ratio		0.38	0.23	0.27	0.27	0.26	0.26	0.26	0.25	0.24	0.32	0.28	0.28	0.24	0.23	0.24	0.25	0.34	0.33	0.35	0.11

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $171,198K ÷ $446,796K
= 0.38

The debt-to-assets ratio of Mesa Laboratories Inc has shown some fluctuations over the past few quarters. The ratio ranged from 0.11 to 0.38 during the period analyzed. A higher debt-to-assets ratio indicates that the company is more heavily financed by debt compared to its total assets.

Based on the data provided, the debt-to-assets ratio has generally been within a moderate range, with the highest ratio observed in the first quarter of 2024 at 0.38, indicating that 38% of the company's assets were financed by debt. The ratio then decreased in subsequent quarters, reaching a low of 0.11 in the third quarter of 2019, before showing some variability in the following quarters.

Overall, it is important to closely monitor Mesa Laboratories Inc's debt-to-assets ratio to assess the company's financial risk and leverage levels. Fluctuations in this ratio can reflect changes in the company's capital structure and its ability to manage debt effectively.