Monolithic Power Systems Inc (MPWR)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,434,350 | 2,058,880 | 1,585,820 | 1,208,490 | 956,375 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,434,350K
= 0.00
The debt-to-assets ratio of Monolithic Power System Inc has consistently been 0.00 for the past five years, from December 31, 2019, to December 31, 2023. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely funded by equity, signaling a low financial risk and a strong financial position. Monolithic Power System Inc's consistent 0.00 debt-to-assets ratio suggests a conservative financial management approach with minimal reliance on debt financing for its operations and investments.
Peer comparison
Dec 31, 2023