Photronics Inc (PLAB)

Debt-to-assets ratio

		Oct 31, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 31, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 31, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	20,121	21,322	27,323	32,310	46,589	70,138	78,540	89,446	92,740	88,444	79,984	54,980	38,183	35,783	36,449
Total assets	US$ in thousands	1,712,060	1,645,100	1,603,450	1,582,840	1,526,220	1,503,340	1,451,020	1,441,680	1,315,830	1,349,600	1,331,890	1,335,250	1,294,200	1,281,760	1,265,990	1,232,060	1,188,180	1,195,840	1,133,890	1,125,460
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.02	0.02	0.03	0.05	0.06	0.07	0.07	0.07	0.06	0.05	0.03	0.03	0.03

October 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,712,060K
= 0.00

The debt-to-assets ratio of Photronics Inc has been relatively stable over the past two years, fluctuating between 0.00% and 0.07%. This indicates that the company has maintained a conservative approach towards using debt to finance its operations and investments. A debt-to-assets ratio of 0.00% suggests that the company has either no debt or a minimal amount of debt compared to its total assets, reflecting a strong financial position and low risk of default. However, as the ratio slightly increased from 0.00% to 0.07% over the period, it may imply a slight increase in the company's debt levels relative to its total assets. Overall, the consistent low levels of the debt-to-assets ratio highlight Photronics Inc's financial stability and prudent capital structure management.