Semtech Corporation (SMTC)

Financial leverage 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
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
Total stockholders’ equity	US$ in thousands	542,400	-46,791	-141,437	-313,098	-307,434	-307,434	334,261	334,261	366,835	366,835	733,028	755,852	755,852	792,412	792,412	798,858	734,983	734,983	737,584	737,584
Financial leverage ratio		2.62	—	—	—	—	—	6.10	6.10	5.78	5.78	3.41	3.40	3.40	1.85	1.85	1.50	1.52	1.52	1.53	1.53

January 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,419,300K ÷ $542,400K
= 2.62

The financial leverage ratio of Semtech Corporation has shown fluctuations over the past few years. Starting at 1.53 in January 2022 and remaining stable until July 2022, the ratio slightly decreased to 1.50. However, by October 2022, there was a significant increase to 1.85, signaling a higher level of financial leverage. This trend continued into the following years, with the ratio reaching 5.78 in July 2023 and peaking at 6.10 in October 2023. Subsequently, there is missing data from January 2024 onwards, making it challenging to provide a complete analysis of the trend. Despite the fluctuations, the financial leverage ratio appears to have deviated from its historical levels, warranting further scrutiny to assess the changes in Semtech Corporation's capital structure.