Benchmark Electronics Inc (BHE)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,079,080 | 1,063,050 | 1,047,730 | 1,034,630 | 1,026,420 | 1,000,620 | 985,773 | 976,405 | 973,802 | 962,336 | 967,278 | 977,547 | 989,588 | 990,327 | 984,360 | 989,622 | 1,014,830 | 1,028,770 | 1,045,050 | 1,078,720 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,079,080K)
= 0.00
The debt-to-capital ratio of Benchmark Electronics Inc. has fluctuated over the past eight quarters, ranging from 0.17 to 0.29. The ratio indicates the proportion of the company's total debt in relation to its total capital (debt + equity).
During the most recent quarter, Q4 2023, the debt-to-capital ratio was 0.23, reflecting that around 23% of the company's capital structure was comprised of debt. This ratio was slightly lower compared to the previous quarter, Q3 2023, which had a ratio of 0.29.
The trend over the last two years shows that the company's debt-to-capital ratio has generally been within a relatively stable range, with some variations. Notably, the ratio increased from 0.17 in Q1 2022 to a peak of 0.29 in Q3 2023 before experiencing a slight decline in the most recent quarter.
A lower debt-to-capital ratio suggests that the company is less reliant on debt financing and may have a stronger financial position. Conversely, a higher ratio could indicate higher financial risk due to increased debt obligations. Benchmark Electronics Inc. will need to carefully manage its debt levels to maintain a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2023