Sitime Corporation (SITM)

Debt-to-capital 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 708,052 710,342 708,267 713,660 708,480 694,442 680,284 653,874 632,497 325,997 303,926 295,269 109,880 102,823 99,569 58,014 62,140
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $708,052K)
= 0.00

Based on the data provided, SiTime Corp has consistently maintained a debt-to-capital ratio of 0.00 across all quarters in 2022 and 2023. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt to finance its operations relative to its capital structure. This suggests that SiTime Corp has been relying primarily on equity financing, which can be seen as a positive indicator of financial stability and lower financial risk. However, it is important to note that having a debt-to-capital ratio of 0.00 may also indicate missed opportunities for leveraging debt to potentially enhance returns or accelerate growth. Overall, SiTime Corp's consistent 0.00 debt-to-capital ratio reflects a conservative financial strategy in terms of debt utilization.


Peer comparison

Dec 31, 2023