Entegris Inc (ENTG)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,981,100 | 4,060,690 | 4,122,230 | 4,172,940 | 4,577,140 | 5,425,500 | 5,492,010 | 5,634,710 | 5,632,930 | 5,627,700 | 3,408,800 | 937,349 | 937,027 | 936,704 | 936,382 | 1,086,190 | 1,085,780 | 1,085,380 | 1,183,990 | 1,074,890 |
| Total assets | US$ in thousands | 8,394,620 | 8,472,760 | 8,336,590 | 8,364,720 | 8,812,590 | 9,824,620 | 9,913,020 | 10,067,100 | 10,138,900 | 10,133,400 | 5,861,170 | 3,283,440 | 3,191,900 | 3,012,280 | 2,872,730 | 2,933,540 | 2,917,700 | 2,801,630 | 2,804,040 | 2,598,560 |
| Debt-to-assets ratio | 0.47 | 0.48 | 0.49 | 0.50 | 0.52 | 0.55 | 0.55 | 0.56 | 0.56 | 0.56 | 0.58 | 0.29 | 0.29 | 0.31 | 0.33 | 0.37 | 0.37 | 0.39 | 0.42 | 0.41 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,981,100K ÷ $8,394,620K
= 0.47
Entegris Inc's debt-to-assets ratio has exhibited a declining trend from 0.41 in March 2020 to 0.47 by December 2024. This indicates that the company's level of debt in relation to its total assets has decreased over this period. The ratio reached its lowest point of 0.29 in both March and December 2021 before experiencing an uptick in mid-2022 and stabilizing around 0.50 to 0.55 in the subsequent periods.
A lower debt-to-assets ratio generally suggests lower financial risk, as it indicates that a smaller portion of the company's assets is financed by debt. This trend may indicate improved financial health and stability for Entegris Inc over the analyzed timeframe. However, the significant increase observed in mid-2022 should be closely monitored to assess its potential impact on the company's financial position and leverage.
Peer comparison
Dec 31, 2024