Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Monolithic Power Systems Inc., solvency ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Debt Ratios
Debt to equity 0.00 0.00 0.00 0.00 0.00
Debt to equity (including operating lease liability) 0.01 0.00 0.00 0.00 0.00
Debt to capital 0.00 0.00 0.00 0.00 0.00
Debt to capital (including operating lease liability) 0.00 0.00 0.00 0.00 0.00
Debt to assets 0.00 0.00 0.00 0.00 0.00
Debt to assets (including operating lease liability) 0.00 0.00 0.00 0.00 0.00
Financial leverage 1.15 1.19 1.23 1.27 1.25
Coverage Ratios
Interest coverage
Fixed charge coverage 147.79 163.49 195.13 111.93 114.81

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Monolithic Power Systems Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Monolithic Power Systems Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Monolithic Power Systems Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Monolithic Power Systems Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Monolithic Power Systems Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Debt to Equity

Monolithic Power Systems Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total debt
Stockholders’ equity 3,145,767 2,049,939 1,668,602 1,243,985 966,587
Solvency Ratio
Debt to equity1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Equity, Competitors2
Advanced Micro Devices Inc. 0.03 0.04 0.05 0.04 0.06
Analog Devices Inc. 0.22 0.20 0.18 0.18 0.43
Applied Materials Inc. 0.33 0.35 0.45 0.45 0.52
Broadcom Inc. 1.00 1.64 1.74 1.59 1.72
Intel Corp. 0.50 0.47 0.41 0.40 0.45
KLA Corp. 1.97 2.02 4.75 1.02 1.30
Lam Research Corp. 0.58 0.61 0.80 0.83 1.12
Micron Technology Inc. 0.30 0.30 0.14 0.15 0.17
NVIDIA Corp. 0.23 0.50 0.41 0.41 0.16
Qualcomm Inc. 0.56 0.71 0.86 1.58 2.59
Texas Instruments Inc. 0.80 0.66 0.60 0.58 0.74
Debt to Equity, Sector
Semiconductors & Semiconductor Equipment 0.46 0.47 0.43 0.50 0.62
Debt to Equity, Industry
Information Technology 0.61 0.66 0.70 0.83 0.97

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 0 ÷ 3,145,767 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity.

Debt to Equity (including Operating Lease Liability)

Monolithic Power Systems Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total debt
Operating lease liabilities (included in Other accrued liabilities) 2,819 2,303 2,133 2,539 1,406
Long-term operating lease liabilities 12,974 5,565 1,664 3,268 1,693
Total debt (including operating lease liability) 15,793 7,868 3,797 5,807 3,099
 
Stockholders’ equity 3,145,767 2,049,939 1,668,602 1,243,985 966,587
Solvency Ratio
Debt to equity (including operating lease liability)1 0.01 0.00 0.00 0.00 0.00
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.04 0.06 0.05 0.10 0.10
Analog Devices Inc. 0.23 0.21 0.19 0.19 0.46
Applied Materials Inc. 0.35 0.37 0.48 0.47 0.54
Broadcom Inc. 1.02 1.65 1.76 1.61 1.75
Intel Corp. 0.51 0.47 0.42 0.40 0.46
KLA Corp. 2.02 2.08 4.83 1.05 1.34
Lam Research Corp. 0.62 0.64 0.83 0.86 1.16
Micron Technology Inc. 0.31 0.32 0.15 0.17 0.19
NVIDIA Corp. 0.26 0.54 0.44 0.46 0.22
Qualcomm Inc. 0.59 0.74 0.90 1.64 2.67
Texas Instruments Inc. 0.85 0.70 0.63 0.62 0.77
Debt to Equity (including Operating Lease Liability), Sector
Semiconductors & Semiconductor Equipment 0.48 0.48 0.45 0.52 0.64
Debt to Equity (including Operating Lease Liability), Industry
Information Technology 0.67 0.72 0.77 0.90 1.04

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 15,793 ÷ 3,145,767 = 0.01

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Monolithic Power Systems Inc. debt to equity ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024.

Debt to Capital

Monolithic Power Systems Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total debt
Stockholders’ equity 3,145,767 2,049,939 1,668,602 1,243,985 966,587
Total capital 3,145,767 2,049,939 1,668,602 1,243,985 966,587
Solvency Ratio
Debt to capital1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Capital, Competitors2
Advanced Micro Devices Inc. 0.03 0.04 0.04 0.04 0.05
Analog Devices Inc. 0.18 0.16 0.15 0.15 0.30
Applied Materials Inc. 0.25 0.26 0.31 0.31 0.34
Broadcom Inc. 0.50 0.62 0.64 0.61 0.63
Intel Corp. 0.34 0.32 0.29 0.29 0.31
KLA Corp. 0.66 0.67 0.83 0.50 0.57
Lam Research Corp. 0.37 0.38 0.44 0.45 0.53
Micron Technology Inc. 0.23 0.23 0.12 0.13 0.15
NVIDIA Corp. 0.18 0.33 0.29 0.29 0.14
Qualcomm Inc. 0.36 0.42 0.46 0.61 0.72
Texas Instruments Inc. 0.45 0.40 0.37 0.37 0.43
Debt to Capital, Sector
Semiconductors & Semiconductor Equipment 0.32 0.32 0.30 0.33 0.38
Debt to Capital, Industry
Information Technology 0.38 0.40 0.41 0.45 0.49

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 3,145,767 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity.

Debt to Capital (including Operating Lease Liability)

Monolithic Power Systems Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total debt
Operating lease liabilities (included in Other accrued liabilities) 2,819 2,303 2,133 2,539 1,406
Long-term operating lease liabilities 12,974 5,565 1,664 3,268 1,693
Total debt (including operating lease liability) 15,793 7,868 3,797 5,807 3,099
Stockholders’ equity 3,145,767 2,049,939 1,668,602 1,243,985 966,587
Total capital (including operating lease liability) 3,161,560 2,057,807 1,672,399 1,249,792 969,686
Solvency Ratio
Debt to capital (including operating lease liability)1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.04 0.05 0.05 0.09 0.09
Analog Devices Inc. 0.18 0.17 0.16 0.16 0.31
Applied Materials Inc. 0.26 0.27 0.32 0.32 0.35
Broadcom Inc. 0.50 0.62 0.64 0.62 0.64
Intel Corp. 0.34 0.32 0.30 0.29 0.31
KLA Corp. 0.67 0.67 0.83 0.51 0.57
Lam Research Corp. 0.38 0.39 0.45 0.46 0.54
Micron Technology Inc. 0.24 0.24 0.13 0.14 0.16
NVIDIA Corp. 0.20 0.35 0.31 0.31 0.18
Qualcomm Inc. 0.37 0.43 0.47 0.62 0.73
Texas Instruments Inc. 0.46 0.41 0.39 0.38 0.44
Debt to Capital (including Operating Lease Liability), Sector
Semiconductors & Semiconductor Equipment 0.32 0.32 0.31 0.34 0.39
Debt to Capital (including Operating Lease Liability), Industry
Information Technology 0.40 0.42 0.43 0.47 0.51

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 15,793 ÷ 3,161,560 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Monolithic Power Systems Inc. debt to capital ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024.

Debt to Assets

Monolithic Power Systems Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total debt
Total assets 3,617,097 2,434,353 2,058,885 1,585,825 1,208,491
Solvency Ratio
Debt to assets1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Assets, Competitors2
Advanced Micro Devices Inc. 0.02 0.04 0.04 0.03 0.04
Analog Devices Inc. 0.16 0.14 0.13 0.13 0.24
Applied Materials Inc. 0.18 0.18 0.20 0.21 0.24
Broadcom Inc. 0.41 0.54 0.54 0.53 0.54
Intel Corp. 0.25 0.26 0.23 0.23 0.24
KLA Corp. 0.43 0.42 0.53 0.34 0.37
Lam Research Corp. 0.27 0.27 0.29 0.31 0.40
Micron Technology Inc. 0.19 0.21 0.10 0.12 0.12
NVIDIA Corp. 0.15 0.27 0.25 0.24 0.11
Qualcomm Inc. 0.27 0.30 0.32 0.38 0.44
Texas Instruments Inc. 0.38 0.35 0.32 0.31 0.35
Debt to Assets, Sector
Semiconductors & Semiconductor Equipment 0.25 0.26 0.24 0.26 0.30
Debt to Assets, Industry
Information Technology 0.25 0.26 0.26 0.29 0.31

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 0 ÷ 3,617,097 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets.

Debt to Assets (including Operating Lease Liability)

Monolithic Power Systems Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total debt
Operating lease liabilities (included in Other accrued liabilities) 2,819 2,303 2,133 2,539 1,406
Long-term operating lease liabilities 12,974 5,565 1,664 3,268 1,693
Total debt (including operating lease liability) 15,793 7,868 3,797 5,807 3,099
 
Total assets 3,617,097 2,434,353 2,058,885 1,585,825 1,208,491
Solvency Ratio
Debt to assets (including operating lease liability)1 0.00 0.00 0.00 0.00 0.00
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.03 0.05 0.04 0.06 0.06
Analog Devices Inc. 0.17 0.15 0.14 0.14 0.25
Applied Materials Inc. 0.19 0.20 0.22 0.22 0.26
Broadcom Inc. 0.42 0.54 0.55 0.53 0.55
Intel Corp. 0.26 0.26 0.23 0.23 0.24
KLA Corp. 0.44 0.43 0.54 0.35 0.38
Lam Research Corp. 0.28 0.28 0.30 0.33 0.41
Micron Technology Inc. 0.20 0.22 0.11 0.12 0.13
NVIDIA Corp. 0.17 0.29 0.27 0.27 0.15
Qualcomm Inc. 0.28 0.31 0.33 0.40 0.46
Texas Instruments Inc. 0.40 0.36 0.34 0.33 0.37
Debt to Assets (including Operating Lease Liability), Sector
Semiconductors & Semiconductor Equipment 0.26 0.27 0.25 0.27 0.31
Debt to Assets (including Operating Lease Liability), Industry
Information Technology 0.27 0.28 0.29 0.31 0.33

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 15,793 ÷ 3,617,097 = 0.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Monolithic Power Systems Inc. debt to assets ratio (including operating lease liability) deteriorated from 2022 to 2023 and from 2023 to 2024.

Financial Leverage

Monolithic Power Systems Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Total assets 3,617,097 2,434,353 2,058,885 1,585,825 1,208,491
Stockholders’ equity 3,145,767 2,049,939 1,668,602 1,243,985 966,587
Solvency Ratio
Financial leverage1 1.15 1.19 1.23 1.27 1.25
Benchmarks
Financial Leverage, Competitors2
Advanced Micro Devices Inc. 1.20 1.21 1.23 1.66 1.54
Analog Devices Inc. 1.37 1.37 1.38 1.38 1.79
Applied Materials Inc. 1.81 1.88 2.19 2.11 2.11
Broadcom Inc. 2.45 3.04 3.23 3.03 3.18
Intel Corp. 1.98 1.81 1.80 1.77 1.89
KLA Corp. 4.58 4.82 8.99 3.04 3.48
Lam Research Corp. 2.20 2.29 2.74 2.64 2.81
Micron Technology Inc. 1.54 1.46 1.33 1.34 1.38
NVIDIA Corp. 1.53 1.86 1.66 1.70 1.42
Qualcomm Inc. 2.10 2.37 2.72 4.14 5.86
Texas Instruments Inc. 2.10 1.91 1.87 1.85 2.11
Financial Leverage, Sector
Semiconductors & Semiconductor Equipment 1.83 1.79 1.79 1.89 2.07
Financial Leverage, Industry
Information Technology 2.45 2.55 2.68 2.89 3.12

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 3,617,097 ÷ 3,145,767 = 1.15

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Monolithic Power Systems Inc. financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Interest Coverage

Monolithic Power Systems Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Net income 1,786,700 427,374 437,672 242,023 164,375
Add: Income tax expense (1,213,788) 78,467 87,265 30,196 4,967
Add: Interest expense
Earnings before interest and tax (EBIT) 572,912 505,841 524,937 272,219 169,342
Solvency Ratio
Interest coverage1
Benchmarks
Interest Coverage, Competitors2
Advanced Micro Devices Inc. 22.98 5.79 14.61 109.09 28.23
Analog Devices Inc. 6.52 14.63 16.46 8.19 7.79
Applied Materials Inc. 34.00 33.42 34.33 29.69 18.36
Broadcom Inc. 3.51 10.31 8.16 4.59 2.37
Intel Corp. -9.84 1.87 16.66 37.35 40.87
KLA Corp. 11.25 13.76 22.76 16.00 9.22
Lam Research Corp. 24.54 28.40 29.11 21.95 15.51
Micron Technology Inc. 3.19 -13.58 51.66 35.18 16.41
NVIDIA Corp. 132.59 16.96 43.12 24.96 58.12
Qualcomm Inc. 15.83 11.72 31.61 19.38 10.50
Texas Instruments Inc. 11.73 22.01 47.88 49.47 32.67
Interest Coverage, Sector
Semiconductors & Semiconductor Equipment 9.52 10.54 21.33 18.47 14.15
Interest Coverage, Industry
Information Technology 19.74 17.88 22.77 20.05 14.25

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Interest coverage = EBIT ÷ Interest expense
= 572,912 ÷ 0 =

2 Click competitor name to see calculations.


Fixed Charge Coverage

Monolithic Power Systems Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Net income 1,786,700 427,374 437,672 242,023 164,375
Add: Income tax expense (1,213,788) 78,467 87,265 30,196 4,967
Add: Interest expense
Earnings before interest and tax (EBIT) 572,912 505,841 524,937 272,219 169,342
Add: Operating lease costs 3,903 3,113 2,704 2,454 1,488
Earnings before fixed charges and tax 576,815 508,954 527,641 274,673 170,830
 
Interest expense
Operating lease costs 3,903 3,113 2,704 2,454 1,488
Fixed charges 3,903 3,113 2,704 2,454 1,488
Solvency Ratio
Fixed charge coverage1 147.79 163.49 195.13 111.93 114.81
Benchmarks
Fixed Charge Coverage, Competitors2
Advanced Micro Devices Inc. 9.46 3.18 6.82 36.00 13.08
Analog Devices Inc. 5.55 11.89 12.87 6.64 6.48
Applied Materials Inc. 34.00 23.69 24.67 22.50 14.48
Broadcom Inc. 3.40 9.81 6.55 3.70 1.92
Intel Corp. -7.74 1.59 7.34 16.56 25.00
KLA Corp. 9.72 12.19 18.72 13.03 7.74
Lam Research Corp. 17.23 20.49 21.44 17.80 12.52
Micron Technology Inc. 2.75 -9.77 31.49 22.49 11.10
NVIDIA Corp. 65.29 10.19 25.61 14.40 18.89
Qualcomm Inc. 12.73 9.29 22.52 14.48 8.30
Texas Instruments Inc. 10.20 18.41 36.70 36.25 24.14
Fixed Charge Coverage, Sector
Semiconductors & Semiconductor Equipment 8.22 8.41 14.48 12.79 10.46
Fixed Charge Coverage, Industry
Information Technology 12.52 11.45 13.53 12.30 9.12

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 576,815 ÷ 3,903 = 147.79

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Monolithic Power Systems Inc. fixed charge coverage ratio deteriorated from 2022 to 2023 and from 2023 to 2024.