Sitime Corporation (SITM)
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 | 951,683 | 750,616 | 678,209 | 136,011 | 123,391 |
| 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 ÷ $951,683K
= 0.00
The debt-to-assets ratio of SiTime Corp has been consistently at 0.00 from 2020 to 2023, indicating that the company has not relied on debt to finance its assets during this period. This signifies a strong financial position with low financial risk as the company's assets are mostly funded by equity rather than debt. However, it is important to note that the ratio was relatively higher at 0.33 in 2019, suggesting that the company had a higher proportion of debt relative to its assets in that year. Overall, the trend of decreasing debt-to-assets ratio over the years reflects a favorable financial management strategy that prioritizes a lower level of debt in the company's capital structure.
Peer comparison
Dec 31, 2023