Silicon Laboratories Inc (SLAB)

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	—	529,573	—	428,945	368,257
Total assets	US$ in thousands	1,443,060	2,169,430	2,958,300	1,993,490	1,674,850
Debt-to-assets ratio		0.00	0.24	0.00	0.22	0.22

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,443,060K
= 0.00

The debt-to-assets ratio for Silicon Laboratories Inc has exhibited variability over the past five years. In 2023, the company's debt-to-assets ratio stands at 0.00, signaling that the company holds no debt relative to its assets, which could indicate a strong financial position with lower financial risk. This is a notable improvement from the previous year, where the ratio was 0.24, suggesting that the company had a substantial amount of debt relative to its assets in 2022. The year 2021 also saw a debt-to-assets ratio of 0.00, indicating another period where the company operated with no debt on its balance sheet. In 2020 and 2019, the ratios were 0.22, indicating a consistent level of debt relative to assets during these two years.

Overall, the trend in the debt-to-assets ratio for Silicon Laboratories Inc shows that the company has effectively managed its debt levels, with 2023 showcasing a particularly strong position with no debt recorded. This could imply that the company has lower financial risk and may have more financial flexibility to pursue growth opportunities or weather economic downturns.