Skyworks Solutions Inc (SWKS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	6,336,700	6,336,400	6,359,200	6,227,200	6,082,700	5,877,900	5,732,900	5,549,900	5,469,000	5,294,600	5,188,600	5,334,200	5,297,100	5,002,800	4,712,300	4,414,900	4,164,200	4,182,400	4,142,800	4,267,300
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.19	0.19	0.20	0.21	0.22	0.22	0.23	0.00	0.00	0.00	0.00	0.00	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

The debt-to-capital ratio of Skyworks Solutions Inc has shown consistency in recent quarters, with the ratio being consistently around 0.00% in the most recent three quarters. However, in the preceding quarters, the ratio gradually increased from 0.19% in December 2022 to 0.23% in March 2021. This increase indicates that the company took on more debt relative to its capital during that period.

The sudden drop to 0.00% in the most recent quarters suggests a significant reduction in the company's debt compared to its capital, potentially indicating debt repayment or a shift in the capital structure. The zero ratio implies that the company has either reduced its debt significantly or increased its capital base, leading to a healthier financial position in terms of leverage.

Overall, the varying debt-to-capital ratio figures over the quarters indicate that Skyworks Solutions Inc has been actively managing its capital structure, with a recent focus on reducing debt levels relative to capital. This strategy could be positive for the company's financial health and may indicate a more conservative approach to leverage in the current operating environment.