OSI Systems Inc (OSIS)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	129,383	131,214	132,792	134,746	136,491	138,190	140,057	143,150	48,668	48,708	602	692	276,421	273,997	271,667	269,356	267,072	264,777	262,326	260,007
Total assets	US$ in thousands	1,936,010	1,831,080	1,726,480	1,588,450	1,555,690	1,483,300	1,466,230	1,467,770	1,443,150	1,459,090	1,443,110	1,443,150	1,384,370	1,325,960	1,300,800	1,270,950	1,268,540	1,286,590	1,301,930	1,290,100
Debt-to-assets ratio		0.07	0.07	0.08	0.08	0.09	0.09	0.10	0.10	0.03	0.03	0.00	0.00	0.20	0.21	0.21	0.21	0.21	0.21	0.20	0.20

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 shown fluctuating trends over the periods analyzed. The ratio was relatively stable around 0.07 to 0.09 from June 2020 to March 2023, indicating that the company maintained a low level of debt compared to its total assets during this period. However, there was a noticeable increase from December 2022 to March 2023, reaching 0.10 and then further increasing to 0.21 by March 2021. This sudden rise suggests a significant increase in debt relative to assets during this period.

Subsequently, there was a decrease in the ratio to 0.00 by March 2022, indicating a temporary period where the company had no debt relative to its assets. However, the ratio rose again to 0.20 by September 2022 and remained around 0.20 to 0.21 from thereon until June 2024.

Overall, the historical analysis of OSI Systems Inc's debt-to-assets ratio demonstrates a mix of low and high leverage periods, with a notable increase in debt relative to assets in the past, followed by a relatively higher level of debt in the most recent periods. This indicates that the company has taken on more debt compared to its assets in recent quarters, which could potentially impact its financial risk and solvency position.