Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Monolithic Power Systems Inc., solvency ratios
Based on: 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), 10-K (reporting date: 2019-12-31).
| 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) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| 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) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| 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) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Monolithic Power Systems Inc. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
| 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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Debt to Equity
Monolithic Power Systems Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | —) | —) | —) | —) | —) | |
| Stockholders’ equity | 2,049,939) | 1,668,602) | 1,243,985) | 966,587) | 773,491) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.04 | 0.05 | 0.04 | 0.06 | — | |
| Analog Devices Inc. | 0.20 | 0.18 | 0.18 | 0.43 | 0.47 | |
| Applied Materials Inc. | 0.35 | 0.45 | 0.45 | 0.52 | 0.65 | |
| Broadcom Inc. | 1.64 | 1.74 | 1.59 | 1.72 | 1.32 | |
| Intel Corp. | 0.47 | 0.41 | 0.40 | 0.45 | — | |
| KLA Corp. | 2.02 | 4.75 | 1.02 | 1.30 | 1.29 | |
| Lam Research Corp. | 0.61 | 0.80 | 0.83 | 1.12 | 0.96 | |
| Micron Technology Inc. | 0.30 | 0.14 | 0.15 | 0.17 | 0.16 | |
| NVIDIA Corp. | 0.50 | 0.41 | 0.41 | 0.16 | 0.21 | |
| Qualcomm Inc. | 0.71 | 0.86 | 1.58 | 2.59 | 3.25 | |
| Texas Instruments Inc. | 0.66 | 0.60 | 0.58 | 0.74 | — | |
| Debt to Equity, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.47 | 0.43 | 0.50 | 0.62 | — | |
| Debt to Equity, Industry | ||||||
| Information Technology | 0.66 | 0.70 | 0.83 | 0.97 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 0 ÷ 2,049,939 = 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
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | —) | —) | —) | —) | —) | |
| Operating lease liabilities (included in Other accrued liabilities) | 2,303) | 2,133) | 2,539) | 1,406) | 1,254) | |
| Long-term operating lease liabilities | 5,565) | 1,664) | 3,268) | 1,693) | 1,103) | |
| Total debt (including operating lease liability) | 7,868) | 3,797) | 5,807) | 3,099) | 2,357) | |
| Stockholders’ equity | 2,049,939) | 1,668,602) | 1,243,985) | 966,587) | 773,491) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.06 | 0.05 | 0.10 | 0.10 | — | |
| Analog Devices Inc. | 0.21 | 0.19 | 0.19 | 0.46 | 0.47 | |
| Applied Materials Inc. | 0.37 | 0.48 | 0.47 | 0.54 | 0.65 | |
| Broadcom Inc. | 1.65 | 1.76 | 1.61 | 1.75 | 1.32 | |
| Intel Corp. | 0.47 | 0.42 | 0.40 | 0.46 | — | |
| KLA Corp. | 2.08 | 4.83 | 1.05 | 1.34 | 1.29 | |
| Lam Research Corp. | 0.64 | 0.83 | 0.86 | 1.16 | 0.96 | |
| Micron Technology Inc. | 0.32 | 0.15 | 0.17 | 0.19 | 0.16 | |
| NVIDIA Corp. | 0.54 | 0.44 | 0.46 | 0.22 | 0.21 | |
| Qualcomm Inc. | 0.74 | 0.90 | 1.64 | 2.67 | 3.25 | |
| Texas Instruments Inc. | 0.70 | 0.63 | 0.62 | 0.77 | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.48 | 0.45 | 0.52 | 0.64 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.72 | 0.77 | 0.90 | 1.04 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 7,868 ÷ 2,049,939 = 0.00
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) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Debt to Capital
Monolithic Power Systems Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | —) | —) | —) | —) | —) | |
| Stockholders’ equity | 2,049,939) | 1,668,602) | 1,243,985) | 966,587) | 773,491) | |
| Total capital | 2,049,939) | 1,668,602) | 1,243,985) | 966,587) | 773,491) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.04 | 0.04 | 0.04 | 0.05 | — | |
| Analog Devices Inc. | 0.16 | 0.15 | 0.15 | 0.30 | 0.32 | |
| Applied Materials Inc. | 0.26 | 0.31 | 0.31 | 0.34 | 0.39 | |
| Broadcom Inc. | 0.62 | 0.64 | 0.61 | 0.63 | 0.57 | |
| Intel Corp. | 0.32 | 0.29 | 0.29 | 0.31 | — | |
| KLA Corp. | 0.67 | 0.83 | 0.50 | 0.57 | 0.56 | |
| Lam Research Corp. | 0.38 | 0.44 | 0.45 | 0.53 | 0.49 | |
| Micron Technology Inc. | 0.23 | 0.12 | 0.13 | 0.15 | 0.14 | |
| NVIDIA Corp. | 0.33 | 0.29 | 0.29 | 0.14 | 0.18 | |
| Qualcomm Inc. | 0.42 | 0.46 | 0.61 | 0.72 | 0.76 | |
| Texas Instruments Inc. | 0.40 | 0.37 | 0.37 | 0.43 | — | |
| Debt to Capital, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.32 | 0.30 | 0.33 | 0.38 | — | |
| Debt to Capital, Industry | ||||||
| Information Technology | 0.40 | 0.41 | 0.45 | 0.49 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 0 ÷ 2,049,939 = 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
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | —) | —) | —) | —) | —) | |
| Operating lease liabilities (included in Other accrued liabilities) | 2,303) | 2,133) | 2,539) | 1,406) | 1,254) | |
| Long-term operating lease liabilities | 5,565) | 1,664) | 3,268) | 1,693) | 1,103) | |
| Total debt (including operating lease liability) | 7,868) | 3,797) | 5,807) | 3,099) | 2,357) | |
| Stockholders’ equity | 2,049,939) | 1,668,602) | 1,243,985) | 966,587) | 773,491) | |
| Total capital (including operating lease liability) | 2,057,807) | 1,672,399) | 1,249,792) | 969,686) | 775,848) | |
| 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. | 0.05 | 0.05 | 0.09 | 0.09 | — | |
| Analog Devices Inc. | 0.17 | 0.16 | 0.16 | 0.31 | 0.32 | |
| Applied Materials Inc. | 0.27 | 0.32 | 0.32 | 0.35 | 0.39 | |
| Broadcom Inc. | 0.62 | 0.64 | 0.62 | 0.64 | 0.57 | |
| Intel Corp. | 0.32 | 0.30 | 0.29 | 0.31 | — | |
| KLA Corp. | 0.67 | 0.83 | 0.51 | 0.57 | 0.56 | |
| Lam Research Corp. | 0.39 | 0.45 | 0.46 | 0.54 | 0.49 | |
| Micron Technology Inc. | 0.24 | 0.13 | 0.14 | 0.16 | 0.14 | |
| NVIDIA Corp. | 0.35 | 0.31 | 0.31 | 0.18 | 0.18 | |
| Qualcomm Inc. | 0.43 | 0.47 | 0.62 | 0.73 | 0.76 | |
| Texas Instruments Inc. | 0.41 | 0.39 | 0.38 | 0.44 | — | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.32 | 0.31 | 0.34 | 0.39 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.42 | 0.43 | 0.47 | 0.51 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 7,868 ÷ 2,057,807 = 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) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Debt to Assets
Monolithic Power Systems Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | —) | —) | —) | —) | —) | |
| Total assets | 2,434,353) | 2,058,885) | 1,585,825) | 1,208,491) | 956,375) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 0.04 | 0.04 | 0.03 | 0.04 | — | |
| Analog Devices Inc. | 0.14 | 0.13 | 0.13 | 0.24 | 0.26 | |
| Applied Materials Inc. | 0.18 | 0.20 | 0.21 | 0.24 | 0.28 | |
| Broadcom Inc. | 0.54 | 0.54 | 0.53 | 0.54 | 0.49 | |
| Intel Corp. | 0.26 | 0.23 | 0.23 | 0.24 | — | |
| KLA Corp. | 0.42 | 0.53 | 0.34 | 0.37 | 0.38 | |
| Lam Research Corp. | 0.27 | 0.29 | 0.31 | 0.40 | 0.37 | |
| Micron Technology Inc. | 0.21 | 0.10 | 0.12 | 0.12 | 0.12 | |
| NVIDIA Corp. | 0.27 | 0.25 | 0.24 | 0.11 | 0.15 | |
| Qualcomm Inc. | 0.30 | 0.32 | 0.38 | 0.44 | 0.48 | |
| Texas Instruments Inc. | 0.35 | 0.32 | 0.31 | 0.35 | — | |
| Debt to Assets, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.26 | 0.24 | 0.26 | 0.30 | — | |
| Debt to Assets, Industry | ||||||
| Information Technology | 0.26 | 0.26 | 0.29 | 0.31 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 0 ÷ 2,434,353 = 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
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total debt | —) | —) | —) | —) | —) | |
| Operating lease liabilities (included in Other accrued liabilities) | 2,303) | 2,133) | 2,539) | 1,406) | 1,254) | |
| Long-term operating lease liabilities | 5,565) | 1,664) | 3,268) | 1,693) | 1,103) | |
| Total debt (including operating lease liability) | 7,868) | 3,797) | 5,807) | 3,099) | 2,357) | |
| Total assets | 2,434,353) | 2,058,885) | 1,585,825) | 1,208,491) | 956,375) | |
| 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. | 0.05 | 0.04 | 0.06 | 0.06 | — | |
| Analog Devices Inc. | 0.15 | 0.14 | 0.14 | 0.25 | 0.26 | |
| Applied Materials Inc. | 0.20 | 0.22 | 0.22 | 0.26 | 0.28 | |
| Broadcom Inc. | 0.54 | 0.55 | 0.53 | 0.55 | 0.49 | |
| Intel Corp. | 0.26 | 0.23 | 0.23 | 0.24 | — | |
| KLA Corp. | 0.43 | 0.54 | 0.35 | 0.38 | 0.38 | |
| Lam Research Corp. | 0.28 | 0.30 | 0.33 | 0.41 | 0.37 | |
| Micron Technology Inc. | 0.22 | 0.11 | 0.12 | 0.13 | 0.12 | |
| NVIDIA Corp. | 0.29 | 0.27 | 0.27 | 0.15 | 0.15 | |
| Qualcomm Inc. | 0.31 | 0.33 | 0.40 | 0.46 | 0.48 | |
| Texas Instruments Inc. | 0.36 | 0.34 | 0.33 | 0.37 | — | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Semiconductors & Semiconductor Equipment | 0.27 | 0.25 | 0.27 | 0.31 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Information Technology | 0.28 | 0.29 | 0.31 | 0.33 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 7,868 ÷ 2,434,353 = 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) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Financial Leverage
Monolithic Power Systems Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Total assets | 2,434,353) | 2,058,885) | 1,585,825) | 1,208,491) | 956,375) | |
| Stockholders’ equity | 2,049,939) | 1,668,602) | 1,243,985) | 966,587) | 773,491) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.19 | 1.23 | 1.27 | 1.25 | 1.24 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 1.21 | 1.23 | 1.66 | 1.54 | — | |
| Analog Devices Inc. | 1.37 | 1.38 | 1.38 | 1.79 | 1.83 | |
| Applied Materials Inc. | 1.88 | 2.19 | 2.11 | 2.11 | 2.32 | |
| Broadcom Inc. | 3.04 | 3.23 | 3.03 | 3.18 | 2.71 | |
| Intel Corp. | 1.81 | 1.80 | 1.77 | 1.89 | — | |
| KLA Corp. | 4.82 | 8.99 | 3.04 | 3.48 | 3.39 | |
| Lam Research Corp. | 2.29 | 2.74 | 2.64 | 2.81 | 2.57 | |
| Micron Technology Inc. | 1.46 | 1.33 | 1.34 | 1.38 | 1.36 | |
| NVIDIA Corp. | 1.86 | 1.66 | 1.70 | 1.42 | 1.42 | |
| Qualcomm Inc. | 2.37 | 2.72 | 4.14 | 5.86 | 6.71 | |
| Texas Instruments Inc. | 1.91 | 1.87 | 1.85 | 2.11 | — | |
| Financial Leverage, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 1.79 | 1.79 | 1.89 | 2.07 | — | |
| Financial Leverage, Industry | ||||||
| Information Technology | 2.55 | 2.68 | 2.89 | 3.12 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 2,434,353 ÷ 2,049,939 = 1.19
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 2021 to 2022 and from 2022 to 2023. |
Interest Coverage
Monolithic Power Systems Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 427,374) | 437,672) | 242,023) | 164,375) | 108,839) | |
| Add: Income tax expense | 78,467) | 87,265) | 30,196) | 4,967) | 4,281) | |
| Add: Interest expense | —) | —) | —) | —) | —) | |
| Earnings before interest and tax (EBIT) | 505,841) | 524,937) | 272,219) | 169,342) | 113,120) | |
| Solvency Ratio | ||||||
| Interest coverage1 | — | — | — | — | — | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 5.79 | 14.61 | 109.09 | 28.23 | — | |
| Analog Devices Inc. | 14.63 | 16.46 | 8.19 | 7.79 | 7.49 | |
| Applied Materials Inc. | 33.42 | 34.33 | 29.69 | 18.36 | 14.79 | |
| Broadcom Inc. | 10.31 | 8.16 | 4.59 | 2.37 | 2.54 | |
| Intel Corp. | 1.87 | 16.66 | 37.35 | 40.87 | — | |
| KLA Corp. | 13.76 | 22.76 | 16.00 | 9.22 | 11.40 | |
| Lam Research Corp. | 28.40 | 29.11 | 21.95 | 15.51 | 21.86 | |
| Micron Technology Inc. | -13.58 | 51.66 | 35.18 | 16.41 | 56.09 | |
| NVIDIA Corp. | 16.96 | 43.12 | 24.96 | 58.12 | 68.17 | |
| Qualcomm Inc. | 11.72 | 31.61 | 19.38 | 10.50 | 12.93 | |
| Texas Instruments Inc. | 22.01 | 47.88 | 49.47 | 32.67 | — | |
| Interest Coverage, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 10.54 | 21.33 | 18.47 | 14.15 | — | |
| Interest Coverage, Industry | ||||||
| Information Technology | 17.89 | 22.78 | 20.06 | 14.26 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 505,841 ÷ 0 = —
2 Click competitor name to see calculations.
Fixed Charge Coverage
Monolithic Power Systems Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net income | 427,374) | 437,672) | 242,023) | 164,375) | 108,839) | |
| Add: Income tax expense | 78,467) | 87,265) | 30,196) | 4,967) | 4,281) | |
| Add: Interest expense | —) | —) | —) | —) | —) | |
| Earnings before interest and tax (EBIT) | 505,841) | 524,937) | 272,219) | 169,342) | 113,120) | |
| Add: Operating lease costs | 3,113) | 2,704) | 2,454) | 1,488) | 1,509) | |
| Earnings before fixed charges and tax | 508,954) | 527,641) | 274,673) | 170,830) | 114,629) | |
| Interest expense | —) | —) | —) | —) | —) | |
| Operating lease costs | 3,113) | 2,704) | 2,454) | 1,488) | 1,509) | |
| Fixed charges | 3,113) | 2,704) | 2,454) | 1,488) | 1,509) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 163.49 | 195.13 | 111.93 | 114.81 | 75.96 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Advanced Micro Devices Inc. | 3.18 | 6.82 | 36.00 | 13.08 | — | |
| Analog Devices Inc. | 11.89 | 12.87 | 6.64 | 6.48 | 5.62 | |
| Applied Materials Inc. | 23.69 | 24.67 | 22.50 | 14.48 | 12.35 | |
| Broadcom Inc. | 9.81 | 6.55 | 3.70 | 1.92 | 2.27 | |
| Intel Corp. | 1.59 | 7.34 | 16.56 | 25.00 | — | |
| KLA Corp. | 12.19 | 18.72 | 13.03 | 7.74 | 10.39 | |
| Lam Research Corp. | 20.49 | 21.44 | 17.80 | 12.52 | 17.83 | |
| Micron Technology Inc. | -9.77 | 31.49 | 22.49 | 11.10 | 32.90 | |
| NVIDIA Corp. | 10.19 | 25.61 | 14.40 | 18.89 | 29.23 | |
| Qualcomm Inc. | 9.29 | 22.52 | 14.48 | 8.30 | 10.68 | |
| Texas Instruments Inc. | 18.41 | 36.70 | 36.25 | 24.14 | — | |
| Fixed Charge Coverage, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 8.41 | 14.48 | 12.79 | 10.46 | — | |
| Fixed Charge Coverage, Industry | ||||||
| Information Technology | 11.45 | 13.53 | 12.31 | 9.12 | — | |
Based on: 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), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 508,954 ÷ 3,113 = 163.49
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 improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |