MaxLinear Inc (MXL)

Debt-to-equity ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	122,996	122,840	122,684	122,529	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
Total stockholders’ equity	US$ in thousands	516,283	556,872	617,255	637,983	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
Debt-to-equity ratio		0.24	0.22	0.20	0.19	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

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $122,996K ÷ $516,283K
= 0.24

The debt-to-equity ratio of MaxLinear Inc has shown a decreasing trend over the past few years, indicating a favorable financial position in terms of leverage. The ratio was relatively stable around 0.5 to 0.9 during 2020 and 2021, suggesting a moderate level of debt compared to equity.

From 2022 onwards, there has been a noticeable decline in the debt-to-equity ratio, reaching as low as 0.16 by June 30, 2023. This significant decrease indicates that the company has been reducing its debt levels relative to its equity, potentially improving its overall financial health and lowering its financial risk.

Despite a slight uptick in the ratio in the following quarters, it remains below 0.3, signaling a conservative capital structure with a stronger reliance on equity financing rather than debt. This trend suggests that MaxLinear Inc may have been managing its debt obligations prudently and maintaining a healthy balance between debt and equity to support its operations and growth.