Skyworks Solutions Inc (SWKS)

Debt-to-capital ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Long-term debt	US$ in thousands	—	—	1,297,300	1,523,100	—
Total stockholders’ equity	US$ in thousands	6,336,700	6,082,700	5,469,000	5,297,100	4,164,200
Debt-to-capital ratio		0.00	0.00	0.19	0.22	0.00

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $6,336,700K)
= 0.00

Based on the data provided, the debt-to-capital ratio of Skyworks Solutions Inc has shown variability over the past five years. In 2020, the company had a debt-to-capital ratio of 0.00, indicating that it had no debt relative to its capital. This suggests a strong financial position with minimal reliance on debt financing.

However, in 2021 and 2022, the debt-to-capital ratio increased to 0.22 and 0.19 respectively. This uptick reflects that the company started to use debt as a source of financing, albeit still maintaining a predominantly equity-funded capital structure.

Interestingly, the debt-to-capital ratio dropped back to 0.00 in 2023 and 2024. This could indicate that the company either paid off its debt or reallocated its capital structure to reduce debt levels.

Overall, while the recent data shows a fluctuating trend, the company's overall debt-to-capital ratio remains relatively low, indicating a conservative approach to leverage and sustainable financial health.