Entegris Inc (ENTG)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,981,100 | 4,577,140 | 5,632,930 | 937,027 | 1,085,780 |
| Total assets | US$ in thousands | 8,394,620 | 8,812,590 | 10,138,900 | 3,191,900 | 2,917,700 |
| Debt-to-assets ratio | 0.47 | 0.52 | 0.56 | 0.29 | 0.37 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,981,100K ÷ $8,394,620K
= 0.47
The debt-to-assets ratio for Entegris Inc has shown fluctuation over the past five years. It decreased from 0.37 as of December 31, 2020, to 0.29 as of December 31, 2021, indicating a lower proportion of debt relative to total assets. However, the ratio increased to 0.56 as of December 31, 2022, suggesting a higher level of debt financing compared to assets.
Subsequently, there was a slight decrease in the debt-to-assets ratio to 0.52 as of December 31, 2023, followed by a further decline to 0.47 as of December 31, 2024. These reductions indicate that Entegris Inc has been managing its debt levels more effectively in relation to its asset base in recent years, potentially improving its financial stability and resilience.
Overall, the trend in the debt-to-assets ratio for Entegris Inc reflects varying levels of leverage and debt management strategies employed by the company during the period under review. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial health and risk exposure.
Peer comparison
Dec 31, 2024