MaxLinear Inc (MXL)

Debt-to-equity 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	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	122,375	122,219	122,064	121,910	121,757	171,607	246,450	286,298	306,153	326,027	343,022	344,116	363,592	372,457	207,486	207,197	206,909	206,622	226,335	241,044
Total stockholders’ equity	US$ in thousands	686,265	702,677	746,047	734,112	676,385	615,881	569,597	527,846	489,198	457,543	433,667	420,778	391,117	396,808	401,975	408,157	414,920	413,351	411,376	408,204
Debt-to-equity ratio		0.18	0.17	0.16	0.17	0.18	0.28	0.43	0.54	0.63	0.71	0.79	0.82	0.93	0.94	0.52	0.51	0.50	0.50	0.55	0.59

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $122,375K ÷ $686,265K
= 0.18

The debt-to-equity ratio of MaxLinear Inc has shown a declining trend over the past eight quarters, indicating a decreasing reliance on debt financing relative to equity. The ratio decreased from 0.54 in March 2022 to 0.18 in December 2023. This downward trend suggests improved financial stability and reduced financial risk associated with high levels of debt. It is noteworthy that the ratio has consistently remained below 1 during this period, signaling that the company's equity exceeds its debt, which is generally considered favorable. This trend reflects positively on the company's financial health and may indicate efficient management of capital structure. However, it is important to monitor the trend to ensure that the company maintains an optimal balance between debt and equity financing for sustainable growth.