Benchmark Electronics Inc (BHE)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,079,080 | 1,026,420 | 973,802 | 989,588 | 1,014,830 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,079,080K
= 0.00
The debt-to-equity ratio of Benchmark Electronics Inc. has shown a fluctuating trend over the past five years. In 2023, the ratio stood at 0.31, slightly lower compared to the previous year's ratio of 0.32. This indicates that the company relied more on equity financing relative to debt in 2023.
In 2021, there was a significant increase in the debt-to-equity ratio to 0.13 from 0.14 in 2020. This sharp decrease in the ratio implies that the company had a higher proportion of debt in its capital structure in 2021. However, this was followed by a slight uptick in 2022, with the ratio rising to 0.32.
Comparing the more recent ratio to 2019, where the ratio was 0.15, there has been a notable improvement in managing debt levels relative to equity over the years. It is important for the company to carefully balance its debt and equity mix to ensure sustainable growth and financial stability in the long term.
Peer comparison
Dec 31, 2023