Benchmark Electronics Inc (BHE)

Debt-to-assets ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,274,760	2,333,140	2,307,460	2,278,650	2,227,330	2,276,510	2,166,780	2,002,560	1,903,880	1,840,370	1,818,790	1,760,750	1,744,240	1,734,510	1,758,040	1,823,380	1,759,870	1,758,750	1,827,880	1,868,930
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,274,760K
= 0.00

Benchmark Electronics Inc.'s debt-to-assets ratio has been relatively stable and at healthy levels, ranging between 0.10 to 0.19 over the past eight quarters. A lower ratio indicates that the company is relying less on debt to finance its assets, which is positive for investors and creditors as it suggests lower financial risk.

The ratio remained below 0.15 for most of the quarters, reflecting a conservative approach to debt management. However, there was a slight increase in Q3 and Q2 2023, where the ratio reached 0.19. This could suggest a temporary increase in debt relative to assets during those periods, which may warrant further investigation to understand the reasons behind this change.

Overall, Benchmark Electronics Inc.'s debt-to-assets ratio appears to be well-managed, with a consistent track record of maintaining a relatively low level of debt compared to its assets. This indicates a strong financial position and stability in the company's capital structure.