Semtech Corporation (SMTC)
Financial leverage ratio
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,373,740 | 2,569,630 | 1,130,910 | 1,082,100 | 1,052,430 |
| Total stockholders’ equity | US$ in thousands | -307,434 | 755,852 | 737,584 | 698,743 | 676,954 |
| Financial leverage ratio | — | 3.40 | 1.53 | 1.55 | 1.55 |
January 28, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,373,740K ÷ $-307,434K
= —
The financial leverage ratio of Semtech Corporation has exhibited a significant increase to 3.40 in the fiscal year ending January 28, 2024. This represents a substantial growth compared to the previous fiscal year, where the ratio was 1.53. The noticeable uptick in the financial leverage ratio may indicate that the company has been relying more on debt to finance its operations and investments. It is essential for stakeholders to carefully monitor this trend to ensure that the company's debt levels remain sustainable and do not pose potential risks to its financial stability and performance.
Peer comparison
Jan 28, 2024