Rambus Inc (RMBS)
Debt-to-assets ratio
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 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | 161,733 | 159,806 | 157,905 | 156,031 | 154,182 | 152,359 | 150,561 | 148,788 | 147,039 | 145,314 | 143,612 |
Total assets | US$ in thousands | 1,258,230 | 1,184,330 | 1,127,120 | 962,630 | 1,012,590 | 969,056 | 1,110,910 | 1,060,880 | 1,232,650 | 1,202,670 | 1,152,980 | 1,235,780 | 1,251,410 | 1,309,020 | 1,316,650 | 1,325,390 | 1,338,990 | 1,301,630 | 1,312,160 | 1,321,420 |
Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.14 | 0.13 | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,258,230K
= 0.00
The debt-to-assets ratio of Rambus Inc. has shown a declining trend over the past eight quarters. In Q1 2022, the ratio was 0.07, which indicates that the company had higher debt relative to its assets at that time. However, since Q1 2022, there has been a consistent decrease in the debt-to-assets ratio, reaching 0.00 in Q4 2023. This downward trend suggests that Rambus Inc. has been reducing its debt levels in relation to its total assets, which can be a positive sign of financial health and stability. A lower debt-to-assets ratio typically indicates lower financial risk and a stronger balance sheet. Overall, the company's ability to effectively manage its debt in relation to its assets has improved significantly over the past two years.
Peer comparison
Dec 31, 2023