Power Integrations Inc (POWI)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 819,868 | 840,096 | 1,014,490 | 903,339 | 803,896 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $819,868K
= 0.00
The data indicates that the debt-to-assets ratio of Power Integrations Inc. has been consistently 0.00 across the last five years, from 2019 to 2023. This ratio signifies that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely financed by equity or internally generated funds, implying a strong financial position with no financial leverage. However, while a zero debt-to-assets ratio indicates lower financial risk, it may also suggest potential underutilization of debt as a tool for strategic growth or capital structure optimization.
Peer comparison
Dec 31, 2023