Silicon Laboratories Inc (SLAB)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,208,680	1,405,010	2,212,420	1,199,840	1,115,050
Debt-to-capital ratio		0.00	0.27	0.00	0.26	0.25

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,208,680K)
= 0.00

The debt-to-capital ratio for Silicon Laboratories Inc has shown some fluctuations over the past five years. In 2023, the company reported a debt-to-capital ratio of 0.00, indicating that the company had no debt in relation to its total capital. This may suggest a strong financial position with lower financial risk as the company does not rely heavily on debt to fund its operations.

In comparison, in 2022, the debt-to-capital ratio was 0.27, showing an increase from the previous year. This increase suggests that the company took on more debt relative to its total capital, which could increase financial risk and interest expenses.

In 2021 and 2019, the company also reported debt-to-capital ratios of 0.00 and 0.25 respectively. These consistent low ratios indicate that the company has managed to operate with minimal debt compared to its total capital base.

Overall, the trend in the debt-to-capital ratio for Silicon Laboratories Inc shows a mix of no debt and moderate levels of debt over the years. It is essential for stakeholders to monitor changes in this ratio to assess the company's leverage and financial health effectively.