FormFactor Inc (FORM)

Debt-to-assets 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	13,314	13,586	13,765	14,034	14,389	14,653	14,915	15,175	15,434	17,742	20,123	22,390	24,978	26,874	28,725	13,642	15,639	0	12,500	23,740
Total assets	US$ in thousands	1,106,790	1,032,970	1,025,140	1,019,760	1,008,230	1,022,360	1,042,450	1,056,880	1,020,520	1,006,590	988,546	980,211	963,217	915,607	884,234	849,379	839,882	793,605	757,569	756,621
Debt-to-assets ratio		0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.02	0.02	0.00	0.02	0.03

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $13,314K ÷ $1,106,790K
= 0.01

FormFactor Inc's debt-to-assets ratio has been consistently low over the past few quarters, ranging from 0.01 to 0.03. This indicates that the company has a low level of debt relative to its total assets. A low debt-to-assets ratio suggests that FormFactor Inc relies more on equity financing rather than debt financing to fund its operations and investments. This can be a positive sign for investors as it implies lower financial risk and greater financial stability. It also indicates that the company may have a strong financial position and is less vulnerable to financial distress. Overall, the trend of FormFactor Inc's consistently low debt-to-assets ratio reflects a prudent financial management strategy.