OSI Systems Inc (OSIS)

Debt-to-assets ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	129,383	136,491	48,668	276,421	267,072
Total assets	US$ in thousands	1,936,010	1,555,690	1,443,150	1,384,370	1,268,540
Debt-to-assets ratio		0.07	0.09	0.03	0.20	0.21

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $129,383K ÷ $1,936,010K
= 0.07

The debt-to-assets ratio of OSI Systems Inc has fluctuated over the past five years. The ratio stood at 0.07 as of June 30, 2024, indicating that the company had $0.07 in debt for every $1 in assets. This represents a slight decrease from the previous year when the ratio was 0.09.

Comparing to two years ago, the debt-to-assets ratio was 0.03, suggesting a lower level of debt relative to assets during that period. However, looking back at June 30, 2021, the ratio spiked to 0.20, indicating a significant increase in debt compared to assets. The highest ratio in the provided data set was in June 30, 2020, at 0.21.

Overall, the trend in the debt-to-assets ratio of OSI Systems Inc suggests some variability in the company's capital structure over the years. It is important for stakeholders to monitor this ratio to assess the company's leverage and financial risk.