Cohu Inc (COHU)
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 | 34,303 | 35,189 | 36,457 | 37,719 | 72,664 | 72,977 | 75,378 | 101,959 | 103,393 | 110,887 | 111,744 | 211,182 | 311,551 | 331,469 | 348,036 | 346,877 | 346,518 | 344,920 | 341,978 | 342,632 |
| Total stockholders’ equity | US$ in thousands | 950,170 | 946,236 | 953,393 | 938,779 | 928,841 | 881,811 | 894,452 | 886,897 | 882,502 | 871,979 | 850,231 | 749,474 | 512,288 | 474,609 | 466,758 | 464,884 | 483,072 | 491,753 | 514,805 | 528,670 |
| Debt-to-capital ratio | 0.03 | 0.04 | 0.04 | 0.04 | 0.07 | 0.08 | 0.08 | 0.10 | 0.10 | 0.11 | 0.12 | 0.22 | 0.38 | 0.41 | 0.43 | 0.43 | 0.42 | 0.41 | 0.40 | 0.39 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $34,303K ÷ ($34,303K + $950,170K)
= 0.03
The debt-to-capital ratio for Cohu Inc has shown a fluctuating trend over the past 20 quarters. The ratio has ranged from 0.03 to 0.43 during this period. It indicates the proportion of the company's capital structure that is financed by debt, with lower ratios indicating lower reliance on debt for funding operations.
In the most recent quarter, the debt-to-capital ratio was at 0.03, suggesting a low level of debt relative to the company's total capital. This decline in the ratio from previous quarters may signify a reduction in debt or an increase in capital.
On the other hand, the ratio reached its highest point of 0.43 in the first quarter of 2020, indicating a higher level of debt compared to capital at that time. This could potentially imply higher financial risk and leverage during that period.
Overall, monitoring the debt-to-capital ratio over time can provide insights into Cohu Inc's financial leverage and risk management strategies, as well as its ability to meet debt obligations and sustain business operations.
Peer comparison
Dec 31, 2023