Monolithic Power Systems Inc (MPWR)

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	Mar 31, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,434,350	2,328,090	2,220,620	2,226,650	2,058,880	1,931,220	1,785,690	1,713,980	1,585,820	1,495,900	1,372,990	1,308,190	1,208,490	1,161,290	1,071,160	1,007,500	956,375	916,135	848,209	793,432
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 for Monolithic Power System Inc has consistently been reported as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not used any debt to finance its operations and investments, as its total debt is negligible or non-existent in relation to its total assets. A ratio of 0.00 suggests that the company's assets are entirely funded by equity, which may be viewed positively by investors and creditors as it signifies a low financial risk and a strong financial position with no leverage. However, it is important to consider that a very low debt-to-assets ratio can also indicate missed opportunities for leveraging debt for potential growth or expansion.