Semtech Corporation (SMTC)

Debt-to-assets ratio

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Long-term debt	US$ in thousands	—	—	—	—	—	1,371,040	—	1,373,620	—	1,330,610	—	—	1,296,970	—	455,113	—	181,797	—	—	171,676
Total assets	US$ in thousands	1,419,300	1,379,000	1,368,000	1,376,510	1,373,740	1,373,740	2,038,130	2,038,130	2,118,600	2,118,600	2,500,020	2,569,630	2,569,630	1,466,850	1,466,850	1,199,830	1,115,920	1,115,920	1,130,910	1,130,910
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.67	0.00	0.63	0.00	0.00	0.50	0.00	0.31	0.00	0.16	0.00	0.00	0.15

January 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,419,300K
= 0.00

The debt-to-assets ratio of Semtech Corporation has shown fluctuations over the analyzed period. In January 2022, the ratio was 0.15, indicating that 15% of the company's assets were financed through debt. However, in subsequent periods, including January 2023, April 2023, and July 2024, the ratio decreased to 0.00, suggesting that the company had no debt relative to its total assets during those periods.

It is noteworthy that there were certain periods, such as October 2022, January 2023, July 2023, and January 2024, where the debt-to-assets ratio increased significantly, reaching its peak at 1.00 in January 2024, implying that the company had a higher proportion of debt compared to its assets during that period.

Overall, based on the data provided, Semtech Corporation has maintained a relatively low debt-to-assets ratio in recent periods, indicating a conservative approach to leveraging debt for financing its operations and investments. However, the fluctuating nature of the ratio emphasizes the importance of monitoring the company's debt management practices and financial stability.