Benchmark Electronics Inc (BHE)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,079,080K
= 0.00

The debt-to-equity ratio of Benchmark Electronics Inc. has fluctuated over the past eight quarters, ranging from 0.21 to 0.41. A lower debt-to-equity ratio indicates that the company relies less on debt financing compared to equity, which can be a positive sign of financial stability and lower financial risk.

The trend in the debt-to-equity ratio shows an increase from Q1 2022 to Q3 2023, suggesting that the company may have taken on more debt relative to equity during this period. This increase could be due to strategic decisions such as funding growth opportunities or capital expenditures through debt financing.

However, it's important to note that the debt-to-equity ratio is just one metric and should be analyzed in conjunction with other financial ratios and considerations to get a more comprehensive view of the company's financial health and capital structure. Further analysis, including comparing the industry average and Benchmark Electronics' historical performance, would provide more insights into the company's leverage position and its implications for financial management.