MaxLinear Inc (MXL)

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	122,375	121,757	306,153	363,592	206,909
Total assets	US$ in thousands	1,080,260	1,180,020	1,050,380	1,022,440	705,791
Debt-to-assets ratio		0.11	0.10	0.29	0.36	0.29

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $122,375K ÷ $1,080,260K
= 0.11

The debt-to-assets ratio of MaxLinear Inc has displayed fluctuating trends over the past five years. In 2023, the ratio stood at 0.11, indicating that 11% of the company's assets were financed by debt. This represented a slight increase from the previous year's ratio of 0.10. The noticeable decline from the higher ratios of 0.29 in 2021 and 0.36 in 2020 may signify the company's improved ability to manage its debt relative to its asset base. It is essential to consider the company's overall financial health and its ability to meet its debt obligations alongside this ratio.