Monolithic Power Systems Inc (MPWR)

Debt-to-equity ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	3,145,770	2,049,940	1,668,600	1,243,980	966,587
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,145,770K
= 0.00

The debt-to-equity ratio of Monolithic Power Systems Inc has been consistently 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been utilizing primarily equity financing to fund its operations rather than relying on debt. A debt-to-equity ratio of 0.00 signifies that the company has no debt on its balance sheet in relation to its equity. This can be seen as a positive indicator of financial health and stability, as it suggests lower financial risk and less reliance on external borrowing.