Silicon Laboratories Inc (SLAB)

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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	529,573	—	—	—	—	—	—	—	428,945	—	—	—	368,257	364,802	361,430	358,093
Total stockholders’ equity	US$ in thousands	1,208,680	1,259,920	1,258,900	1,419,450	1,405,010	1,551,640	1,605,340	2,007,660	2,212,420	2,647,580	1,227,750	1,206,980	1,199,840	1,170,050	1,157,650	1,099,600	1,115,050	1,083,750	1,051,270	1,057,480
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.26	0.00	0.00	0.00	0.25	0.25	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 of Silicon Laboratories Inc has shown variability over the past few quarters. In the most recent quarter, as of December 31, 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 structure. This is a significant improvement compared to the previous quarter, where the ratio was 0.27, suggesting a higher level of debt relative to capital.

Looking at historical trends, it is notable that the company had periods with relatively higher debt-to-capital ratios, such as in December 2020 and December 2019 when the ratios were 0.26 and 0.25, respectively. However, in recent quarters, the company has maintained a lower level of debt relative to capital, with most ratios being 0.00.

Overall, the recent trend of lower or zero debt-to-capital ratios indicates that Silicon Laboratories Inc has been managing its capital structure in a more conservative manner, possibly reducing its reliance on debt financing. This can be seen as a positive sign for the company's financial health and stability.