Standard Motor Products Inc (SMP)

Debt-to-assets 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	151,182	95,170	164,488	215,487	184,589	211,400	203,500	0	21	68	80	84	97	103	108	111	129	132	153	161
Total assets	US$ in thousands	1,293,050	1,299,930	1,302,140	1,320,020	1,254,930	1,318,730	1,326,550	1,310,410	1,197,960	1,195,730	1,155,280	976,482	956,540	950,997	944,765	940,711	903,854	920,683	969,527	912,734
Debt-to-assets ratio		0.12	0.07	0.13	0.16	0.15	0.16	0.15	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-assets ratio = Long-term debt ÷ Total assets
= $151,182K ÷ $1,293,050K
= 0.12

Standard Motor Products, Inc.'s debt-to-assets ratio has shown some variation over the past eight quarters. The ratio ranged from 0.11 to 0.21 during this period. The trend indicates that the company has been successful in managing its debt relative to its assets, with the ratio generally staying below 0.20. A lower debt-to-assets ratio is generally considered favorable as it implies lower financial risk and greater financial stability. The slight increase in the ratio in Q2 2023 and Q1 2023 compared to the previous quarters is worth monitoring, as it suggests a slightly higher reliance on debt to finance assets during these periods. Overall, Standard Motor Products, Inc. appears to have a relatively healthy balance between debt and assets based on the historical trend of its debt-to-assets ratio.