Monolithic Power Systems Inc (MPWR)

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	Mar 31, 2019	Dec 31, 2018
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	2,049,940	1,944,860	1,839,090	1,776,260	1,668,600	1,530,710	1,423,120	1,326,110	1,243,980	1,162,710	1,087,360	1,021,580	966,587	914,569	848,945	813,190	773,491	734,428	680,251	640,093
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,049,940K)
= 0.00

The debt-to-capital ratio for Monolithic Power System Inc has consistently remained at 0.00 across all quarters presented from Q1 2022 to Q4 2023. This indicates that the company has not utilized debt as a source of capital during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is predominantly equity-financed, which can be viewed positively as it reduces the financial risk associated with debt obligations. However, it is important to note that having no debt may also limit the company's financial flexibility and potential tax advantages that debt financing can provide. Overall, the stable and low debt-to-capital ratio indicates a conservative approach to capital structure by Monolithic Power System Inc.