FormFactor Inc (FORM)

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 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 stockholders’ equity US$ in thousands 908,804 840,688 834,263 824,372 808,285 808,302 829,985 846,673 815,780 786,390 769,547 766,533 744,084 714,142 690,722 666,417 640,997 614,546 604,102 592,988
Debt-to-capital ratio 0.01 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.04 0.04 0.02 0.02 0.00 0.02 0.04

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $13,314K ÷ ($13,314K + $908,804K)
= 0.01

FormFactor Inc's debt-to-capital ratio has shown relatively stable and low levels over the past few quarters, ranging from 0.01 to 0.04. This indicates that the company has been able to maintain a conservative capital structure with a minimal reliance on debt financing compared to its equity. The low debt-to-capital ratio suggests that the company has a strong financial position and is able to meet its financial obligations comfortably. It also signifies that FormFactor Inc has a lower financial risk and is less susceptible to potential financial distress caused by high debt levels. Overall, the consistent low debt-to-capital ratio reflects a prudent approach to managing the company's debt and capital structure.