Skyworks Solutions Inc (SWKS)

Debt-to-assets ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	1,326,400	1,297,300	1,346,800	1,401,400	1,502,400	1,523,100	1,521,700	—	—	—	—	—	—
Total assets	US$ in thousands	8,283,300	8,236,400	8,309,700	8,229,100	8,426,700	8,464,100	8,841,700	8,947,400	8,873,800	8,694,600	8,511,600	8,618,500	8,590,700	7,486,200	5,734,400	5,419,800	5,106,700	5,072,400	4,981,900	5,091,800
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.15	0.15	0.16	0.17	0.18	0.20	0.00	0.00	0.00	0.00	0.00	0.00

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,283,300K
= 0.00

The debt-to-assets ratio for Skyworks Solutions Inc has remained relatively stable at 0.00 for most of the observed periods, indicating a low level of debt relative to its total assets. However, there was a slight increase in the ratio from 0.15 to 0.20 from March 2021 to June 2021, suggesting a temporary increase in the amount of debt relative to assets during that period.

The significant decrease in the debt-to-assets ratio from 0.20 in June 2021 to 0.00 in September 2021 indicates that the company potentially paid off a significant portion of its debt or increased its asset base significantly relative to debt during that quarter.

Overall, the consistently low debt-to-assets ratio reflects Skyworks Solutions Inc's conservative approach to debt management, which may indicate lower financial risk and greater stability in its financial position.